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How do you prepare a lien for an automobile?
Wiki User
∙ 14y ago
Wiki User
∙ 10y agoYou pay off the debt the lien represents. You may be able to reach an agreement for a lessor amount.
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How do you attach a blanket lien out of court to settle with an individual?
You can only attach a person's property through a court judgment. The court issues the judgment lien and then the lien is recorded in the land records. When the parties settle out of court there is no perfected "lien".
What happens to a lien on a house after it expires?
The lain stays with the mortgage. And if the owner of the mortgage does not settle up with the lien holder that person cannot sell their house, car, boat or whatever the lien is on. They have to pay lien first or sell and before they get the money the amount of the lien will be deducted from total sell
Can you negotiate a payment after a lien is put on house by a credit card company?
Yes! When a lien from a credit card or any unsecured debt shows up on a property title search, its a second to the primary lien. Any mortgage or taxes would be paid first. So if you were buying or selling a house with that type of lien, you can contact the company who placed the lien and offer them an amount to settle their claim. Its usually far less than whats owed because they could get nothing in many cases. Many settle for 10% to 20%.
What affect will filing a lien against an HOA have on the neighborhood homeowners and their property?
Apparently the association owes a debt over which a lien has been filed. Effectively, the lien can cloud the title of all the units/ homes in the association. It is in the best interests of all the members and of the association's board to settle this matter quickly and file a release of the lien.
How do you fight homeowners association that placed a lien on your property?
Best practices dictate that you hire a local, common interest community-savvy attorney who works with owners who can help you defend this lien, or help you settle it.
What happens if i buy a car with a lien title from the owner?
A lien title means that the car has a loan against it. If you do not have a "clear" or non lien title, the lender who hold the clear title can and does have the right to get the balance of the loan from you. The purpose of the lien title is to enable the car buyer to get the legal requirement for driving the car from the state. It's like renting the car in essence; the lien title is almost like the lease agreement for an apartment.So if a lien title is all there is...don't buy the car. It's not his to sell.Somebody has to settle the lien before you can legally own or register the vehicle.
If you are not in agreement with charges can a Builder put a Mechanics Lien on your property?
Yes, that is exactly when the builder would do it! If you're in agreement, there would not be any reason to have the expense of filing a lien. You will need to settle the dispute (like gentlemen) and obtain a release (and preferably a waiver of any other claims) that conforms to your local lien/release recording regulations.
What options does the estate have for dealing with a car of deceased that has a lien?
The estate is responsible for settling all debt before any distributions are made to beneficiaries. So the lien must be removed by paying the balance due to the one who placed the lien. Then, the car can be sold and proceeds applied to residuary estate, if money isn't needed to settle other debts.
Will a lawyer settle on a judgment that is 4 years old and already included in a chapter 7 and released and remove a lien on your property and if so what should you offer?
The judgment and the lien may reflect two different debts. Normally you cannot include a judgment in a bankrupcy or amend the amount to be paid since it is a court ordered payment to be made. You need to pay the court and get a paid receipt for the judgment. The payment of the lien would be reflected in a release of the lien for that property.
Can a collections attorney put a lien on you for unpaid debt and What can they lien if you own nothing?
Since you chose this category (condominiums , co-ops and home owners associations), it's possible that an attorney found your name on the title to a condominium unit. It's a good idea for you to contact the attorney and settle the debt, and if necessary, figure out how to clear the title to the condominium unit if its title has been clouded by this lien.
What happens to back taxes if the estate has no money?
If they are property taxes, there is a lien on the property. In those cases the property has to be sold to settle the debts. If there are no assets in the estate, the taxes won't get paid.
Is Illinois a lien or a title theory state?
Indiana is a lien theory state.Indiana is a lien theory state.Indiana is a lien theory state.Indiana is a lien theory state.
