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Equity has little effect upon a lien. It just records the fact that someone has a claim to certain value in the property, regardless of who owns it or who has equity.
In theory you can buy and sell land without any effect upon the liens, as long as the buyers are aware that they are getting encumbered title.
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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.
Can a credit card company put a lien on a house that you own with another person or by yourself to try to collect their money?
It depends. Some credit cards come to you as equity loans (you activate the card, it gives you a limit on the card equal to the equity on your house) and if you don't pay off the loan, the house belongs to the company. If it is a regular credit card and you don't pay, they may take you to court and win a judgment against you. That would allow them to put a lien on the house in the amount of the judgement. So, to answer your question, yes, there are ways that a credit card company can put a lien on your house.
How do you put a lein on a business?
A lien is usually created on something when someone has used that something as collateral. Ex. A house that has been paid off can have a lien placed on it by taking a out a home equity loan. The house is now used as colateral. The lien is placed by the loan institution. Hope this helps.
Free lien advice If I am a spouse and I am on title How do I put a lien on for my share of equity?
You won't file a lien per se. If you are separating from your spouse, you need to see a divorce attorney. He or she will file your divorce at the courthouse, and your equity in the house will be determined by the court. Your attorney may file a lis pendens, which will serve as notice to anyone whom it may concern that your divorce is pending, and you are seeking a share of equity, but this is not required.
Can a lien be placed on a house for a personal loan to pay off a debt?
If you have equity, yes
Can a credit card company file a judgment lien against your house if there is no equity in the property?
Yes.
Will there be a federal tax lien put on my house that's in foreclosure?
Yes, there will be a federal tax lien put on your house that is in forclosure. The bank or person that buys your house will have the option to pay that lien off.
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 someone put a lien for 900 dollars on a 300000 dollar house?
Yes, it is possible for someone to put a lien on a house for $900. The dollar amount of the lien is not dependent on the value of the house. However, the specific laws and procedures for placing a lien may vary depending on the jurisdiction.
How do you put a lien onsomeone's house in NC?
you cant't, a lien is a debt owed not applied.
How risky is taking a lien on your house?
Please clarify your question. Do you mean taking out a second mortgage or equity line?
Can a lien be put on my house for back taxes on a mobile home that is in my name my house taxes are current?
Yes, your real property can have a lien put on it. The government will do everything they can to get their tax money.
