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If you paid a lien, you can work with the attorney who filed it to obtain its release. A release document is required, plus there will be filing fees to file the release.
The association may expect that you'll pursue release: you can request the procedure from the board or the association manager.
What else can I help you with?
When you pay off a tax lien does it reduce your credit score?
PAYING a tax lien has no effect on your credit. What would affect your credit score would be to have the lien released. This is the legal disposition to a lien. Have the release recorded at the same courthouse and send the proof of payment and the release to the credit bureaus. Tax liens have no statute of limitations for how long they can show on your credit report. Having the release recorded and shown on your credit triggers the 7 year countdown for when these public records will be shielded. According to Experian the payment of a tax lien, (which do in fact have statute of limitations of 7 years from the date of payment)payment of a tax lien and the subsequent reporting of the release WILL have a negative effect on your credit score. The logic in the world of credit scoring is this; Once a payment has been made on an old account, this constitutes "activity" on a derogatory credit entry. Recent activity on a derogatory account (even though payment should be considered "good") is considered a negative when computing scores.
Can you sell a vehicle with a lien on the title?
Legally No. How can you sell something you do not own. As long as there is a lien, you do not own the vehicle outright. Go see the lender and get a lien release, if you no longer have a loan on the vehicle. Remember the lender is part owner of the vehicle until you make that last payment. If you clear the lien buy using the proceeds from the sale, you can guarantee a title within 30 days (required by law) to the new buyer. The lien holder will then release the title.
Can you sell off acreage if it is on a lien I own 40 acres the house is on 20 acres and the other 20 acres is plotted ready to sell can I sell off the 20 acres?
The property is subject to a lien. The question isn't whether you can sell it. The problem is that the buyer won't buy the property as long as there's a lien on it. Your attorney will need to negotiate a partial release or a full release with the lienholder if you will pay off the lien, or half of the lien, out of the proceeds from the sale of the 20 acres. If you don't pay the lien in full and the lienholder agrees to a partial payment then the lien will still be an encumbrance on your remaining property.
Release of Labor Lien?
Release of Labor Lien(Download)STATE OF ____________COUNTY OF _______________________________, referred to as HOLDER, is the owner/claimant of that certain Labor Lien, acknowledges payment in full of the same, which was recorded at ________________ Book, Book ___, page ____ of the _________ County, State of __________, and consents to the release of the property from the lien and satisfaction of the Labor Lien on the record.Dated: _______________________________________________________________________________________, having being duly sworn to tell the truth, acknowledges the execution of this release of Labor Lien for the purposes stated herein.__________________________________________NotaryMy commission expires: ___________________Release of Labor LienReview ListThis review list is provided to inform you about this document in question and assist you in its preparation. See the notes under Release of Mechanics lien for the information about this document. This Release should be used for the release of labor liens. However, any of the releases will do as long as the specific book and page numbers are referenced in the Lien Release. Having said that, you are always better off to be the most accurate you can be to avoid any later dispute.
What is the statue of limitations on a car lien?
The lien is no longer applied to the vehicle when the loan is paid off. You can then get a lien release from the lender. As long as the loan has not been paid off the vehicle still has a lien on it.
How long does a lien holder have to release an auto lien after payoff in New York?
Under New York law, a lienholder, "shall immediately upon clearance of payment execute a release of his security interest...." (NY Veh. and Traffic Law Section 2121, Release of Security Interest). However, the law does not provide a penalty for failure to comply. There is also no description in the law of what constitutes "immediately".
How long is a claim of lien good in Florida for home owner's association fees?
You can work with your attorney to refile the lien before it expires. Every state law is different in this regard.
How long will a lien last on a condominium in Florida?
Generally, liens for non-payment of assessments remain on the title to the property indefinitely and can be reflected in the owner's credit report. A lien placed on the title by a contractor may have different parameters that one placed on the title by the condominium association. Your best answer will be given to you by an association-savvy attorney after you present a copy of the lien for an explanation.
What do you do if you've paid your lien and the lien holder is out of business and i have no proof its paid?
You should take a copy of your proof of payment to the court that issued the judgment lien. Speak to the clerk of that court about obtaining a release. The attorney who represented the creditor should be able to set a release in motion as long as you have written proof the amount due was paid. In my jurisdiction the court that issued the judgment also issues the release. If that doesn't work in your area you may need to consult an attorney who can review your situation and explain your options.
How long does a lien stay on a car if you have a wrecked car with no payments for last year and dealer doesn't want it back and you want to take to junk yard or sell for parts but lien on title?
Forever. But what you can do is ask for a release of lien from the dealer. Once you get a release of lien from the dealer, you go threw the normal titled process in your state to obtain a lost title.
How long can a lien last on a property in Missouri?
A lien can be placed on a property in the United States when a person owes a creditor a sum of money. In the state of Missouri, a lien can be on the property for ten years.
Florida law how long does a lien stay on a condo which was about other lots?
In any state, liens remain on a property until the debt is paid and the liens are released.
