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How do you place a property lien for a private loan?


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Answered 2007-01-31 19:56:21

The lender will need to file a lawsuit against the borrower in the state court of jurisdiction in the county in which the borrower resides. The simplest method is by use of small claims, although recovery amounts are limited and in the majority of US states a small claims judgment cannot be used as a lien against real property Contact the clerk's office of the court in which you want to file suit for information on filing procedures.

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Related Questions

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How do you find out if a property has a loan on it?

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Can a personal lien be placed on a relatives property if a loan is not repaid?

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Can you get a home equity loan on your rental property?

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Is it legal for a lien to be placed on a joint loan if both parties are not on the property for the lien?

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Does a car that is not drivable require insurance in Oklahoma?

Is the car on Private property or parked in a public place? On your Private property, without valid Tags and Without a loan against it then no insurance required.


What is the purpose of a lien when you get a secured loan?

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Can a lien for an unsecured loan be filed against a law suit?

A creditor can sue in court to obtain a lien against a debtor for an unsecured loan. If successful in the lawsuit, the creditor can request a judgment lien that can be used to take the debtor's property to pay the amount due.A creditor can sue in court to obtain a lien against a debtor for an unsecured loan. If successful in the lawsuit, the creditor can request a judgment lien that can be used to take the debtor's property to pay the amount due.A creditor can sue in court to obtain a lien against a debtor for an unsecured loan. If successful in the lawsuit, the creditor can request a judgment lien that can be used to take the debtor's property to pay the amount due.A creditor can sue in court to obtain a lien against a debtor for an unsecured loan. If successful in the lawsuit, the creditor can request a judgment lien that can be used to take the debtor's property to pay the amount due.


What is a blanket lien?

A blanket lien is a lien which gives the lienholder the entitlement to take possession of any or all of the lienee's real property to cover a delinquent loan.


Can a creditor place a lien on your house if you can't pay your car loan?

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Can a HOA's judgment be filed as lien against the property and at the same time seize assets such as a financed vehicle?

The law varies in different jurisdictions. Generally, a judgement lien followed by a levy on execution can be used to seize any property owned by the debtor that can be sold to pay the lien. The debtor should pay the lien as soon as possible in order to remove the lien from their property.The property would be held by the creditor subject to any prior liens against the property such as a car loan or mortgage. The property cannot be mortgaged, used as collateral or sold until the lien is paid.The law varies in different jurisdictions. Generally, a judgement lien followed by a levy on execution can be used to seize any property owned by the debtor that can be sold to pay the lien. The debtor should pay the lien as soon as possible in order to remove the lien from their property.The property would be held by the creditor subject to any prior liens against the property such as a car loan or mortgage. The property cannot be mortgaged, used as collateral or sold until the lien is paid.The law varies in different jurisdictions. Generally, a judgement lien followed by a levy on execution can be used to seize any property owned by the debtor that can be sold to pay the lien. The debtor should pay the lien as soon as possible in order to remove the lien from their property.The property would be held by the creditor subject to any prior liens against the property such as a car loan or mortgage. The property cannot be mortgaged, used as collateral or sold until the lien is paid.The law varies in different jurisdictions. Generally, a judgement lien followed by a levy on execution can be used to seize any property owned by the debtor that can be sold to pay the lien. The debtor should pay the lien as soon as possible in order to remove the lien from their property.The property would be held by the creditor subject to any prior liens against the property such as a car loan or mortgage. The property cannot be mortgaged, used as collateral or sold until the lien is paid.


Can a loan company sue you for an unpaid loan?

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What happens when a lien is placed on the property that you own and reside in due to the foreclosure of a rental property that you own?

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Why would a mortgage release be on public record file?

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Can you get a loan if you have a lien on the property?

Yes you can, but it may depend on the lender and the type of lien on the property. For example if I have my first mortgage (1st lien) with Washington Mutual, I can still go to Gateway Bank and obtain a second mortgage or a home equity line of credit. If on the other hand I have an outstanding IRS tax lien against the house, a lender may refuse to make loan until the lien is satisfied. elcinoca


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