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A bank lien is usually for a short period of time, but that is only because it instructs the bank to turn the money over to the lienholder within a certain short period of time, usually 30 days. This gives the owner time to go to court to try to get the lien removed. At the end of this short period of time or if the court disagrees with the owner's reason for not turning it over, the bank will send the money to the lienholder.
Wiki User
∙ 15y ago
Wiki User
∙ 14y agowhenever a banker desire...............no time period is specific for the lien
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How long is a bank draft valid?
there is no time frame or a bank draft, it is valid for as long as you have it.
How long can a judgment of freezing an account in NY last?
The Lien against the bank account will expire 1 year after it is placed. A NY judgment is Valid and enforceable for 20 years from the date of entrt.
How can you clear a lien on your condo?
Pay off the lien and obtain a valid release that should be recorded in the land records.Pay off the lien and obtain a valid release that should be recorded in the land records.Pay off the lien and obtain a valid release that should be recorded in the land records.Pay off the lien and obtain a valid release that should be recorded in the land records.
What type of lien does not have to be recorded to be valid?
Real estate tax lien
Can you file a lien against bank owned property?
A lien against bank owned property would not be effective unless the lien was against the bank. If you have a lien against the former owner your opportunity to try to enforce it has passed.
After 10 years is car lien valid?
Unless the lien is waived, yep. Did you pay the loan off? If so, get the lien lifted.
What are some valid reasons for recording a lien against real property?
In and of itself a lien is a valid encumbrance on a property because there must be a valid claim to support a lien. Generally, liens are recorded for unpaid taxes, court judgments, contractor's services, mortgages, municipal services, etc.
What is a non-consensual lien?
If you take out a loan from the bank and put your car up as collateral, this is a consensual lien. If you owe taxes and the IRS put a lien on your property or bank account, this is a non-consensual lien.
How long is a personal check valid for Bank of America?
A personal check for the Bank of America is generally valid for at least thirty days. In many cases, these personal checks are valid for up to ninety days from the date of issue.
If you buy a car with a lien on it will the lien come off?
NO! BANK LIEN-PAY IT OFF. MECHANICS LIEN-PAY IT OFF. autolienservice.com
What is the lien holder address for bank of america auto loans?
what is the address for bank of america auto lender lien holder
Can HOA foreclose on their liens before the bank lien?
Your answer depends on the nature of the HOA lien, the nature of the bank lien, the state law and the governing documents in effect for the HOA. There is no standard.
