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What else can I help you with?
When selling your house does the balance of the home equity line have to be included in the price?
The balance of your home equity line (if it is a lien on the home you are selling) will be deducted from the money you receive at the closing of the sale and paid to the bank holding the note. That clears the loan for you and removes the lien on the house for your buyer.
Can a construction lien holder force you to sell your home?
In a 'worst case scenario' probably they can. They have a legal lien against your property to satisfy an unpaid debt that is owed them. If they take you to court and are awarded a judgment against you, and your home is your only monetary asset, the court COULD order you to sell it to in order to pay off the lien.
Is there any laws against renting or selling a house that has a current lien against the home In Parkersburg West Virginia?
No. If you sell the home, the lien will need to be paid in closing. Renting the home won't make a difference, however, if the lien holder forecloses on the loan, you may breach the lease and have to compensate the tenant.
Can a lien be tranfored to a new home and removed from present home you are selling?
Never heard of this. Normally you sell your house for enough to pay off all liens and encumberances.
Selling grandmothers house with a lean on it?
The lien will need to be paid from the proceeds of the sale.
If your husband's bank put a lien on your house with his name on it how does it affect the wife and child who live there when you are in the process of selling the house?
The lien could be satisfied from the proceeds of the sale, if there are any. Answer Are you selling the Baby too? Just kidding. If you are trying to sell the house and there is a lien on it there may be a problem. Quite possibly it will need to be paid before the sale can close. You may want to lower the price of your home to get it sold quickly but also get in touch with your title company to make sure they are aware of this.
Is your credit history affected by a lien that is put on a house?
If there is a mortgage/equity loan involved,that loan will report on your credit history. The lien will report on the title of the house. A title search will be conducted if you are selling or refinancing the house.
What if a lien is on your house?
You can not sell your house or if you die your home will go to the people who have a lien on your home.The best thing to do is to pay off the lien which is usually someone or a bank you owe money.
How does one sell his or her home on which the IRS has placed a lien?
To sell your home, you put a FOR SALE sign out front. If the value of the lien is less than what you will get out of the house, then when you sell the house and pay off the lien, you get the rest of the money. If the lien is for more than the house is worth and you are ready to move elsewhere, you hand the keys to the IRS and say. "Here, have fun. It is all yours." At that point you owe more on the house than the house is worth.
Who pays for a paving lien on a home we are selling?
you guys do and that would be no use for you because you are going to sell it and they get a discount
If you have a lien on your house from a creditor not a mortgage company can they force you to foreclose on the house to get their money?
Not if your home is exempt. Check your state's homestead exemption laws. findlaw.com is a great resource. Actually they can forclose without you doing anything.
If a credit card company has a judgment on you in Tennessee can they take your home if you own it?
no,,,,,,but they can put a lien on it,,,and when you sell your house,,it has to pay the lien amount,,,before you get any money from the house.
