The creditor is the person who has loaned the money not the person who owes the money. The debtor owes the money and a lien is placed against that person's property by the lender obtaining a judgment through the proper legal procedure that are required in the state in which the debtor resides. Usually the creditor will need to sue the debtor in small claims or other state court in the county in which the debtor lives. Mechanic Liens can be recorded with the clerk of deeds or land record office by presenting the proper documents and following the methods required by the laws of the debtor's state.
small claims court
If you owe it money and they sue you in court and win then yes, they can obtain a judgment lien against you that can be recorded in the land records.If you owe it money and they sue you in court and win then yes, they can obtain a judgment lien against you that can be recorded in the land records.If you owe it money and they sue you in court and win then yes, they can obtain a judgment lien against you that can be recorded in the land records.If you owe it money and they sue you in court and win then yes, they can obtain a judgment lien against you that can be recorded in the land records.
If you owe her money and she can prove it, yes.
yup but you still owe the cash
Yes and no. The contractor can file a lien against your house for non-payment. Even if you honestly don't owe the contractor any money, he may still lien your house; he will eventually have to prove the lien's validity in court or it is automatically released. No lien can be filed against your car. However, if the contractor gets a judgment against you, that judgment may be executed against your car and home to secure payment.
If you owe hospital and other medical bills that have become delinquent the creditors can sue you in court. If they win they can request a judgment lien that can indeed be recorded against your property.
If you owe overdue utility charges the utility company can sue for payment and record a judgment lien if it prevails.
If you owe a debt to an attorney a judgment lien must be obtained through a court process. If the attorney is successful, the lien will be issued and will be recorded in the land records. You will not be able to sell or mortgage your property until it is paid.
You cannot sell a car you have a loan on if the lender has a lien on the vehicle. You will need permission from the lien holder to sell the car. If the lender has no lien on the vehicle then you can sell it if you wish. The title will list any lien holder.
Yes, but they must take you to court first for settlement options.AnswerIn Ohio they must first sell the repo at a public sale. If the vehicle is sold for less than you owe the bank may take you to court and obtain a judgment for the difference. After they win the judgment they can then enforce the judgment in a variety of ways, a lien on other property (your house), garnishment, etc. If the vehicle is sold for more than you owe, they are required to send you a check for difference.
If you owe a debt to the bank and they take you to court in order to recover the debt then the court may issue a judgment against you in favour of the bank which entitles the bank to cease you vehicle and to sell it in order for your debt to be paid to them but if the courts award a judgment lien then the bank has the right to seize your vehicle and to retain it in their possession until you have cleared the debt to which owe them whereas upon the debt being paid in full your vehicle shall be returned to you.
Firms will owe their creditors a debt and usually some type of interest.
It means that you owe someone money, they have obtained a judgment against you and you will not be able to sell or refinance your property until the lien is paid and a discharge is recorded.