Actually, until you pay the amount or until the property is sold and it is paid for you and property transfers ownership. Until you pay the amount you owe in full.
Yes, they can place a lien. The property still has value and the life estate doesn't effect that.
A lien can normally only be placed with a court order. The beneficiary can certainly take them to court. And if they win, then they can place a lien.
In short, yes. If the real estate is in your name, it can have a lien placed against it for debts you have incurred.
A lien can be placed against almost any property.
no
A lawyer can place a lien against your real estate after they have sued you in court and won. The court then issues a judgment lien and the lien is recorded in the land records. The property cannot be sold or mortgaged until the lien is paid.
A forced "lien" or judgment on the property. Usually placed by the courts.
No. However, it depends on the type of liens. Liens against the fee owner can be recorded but may be subject to the life estate. Property tax liens take effect in spite of a life estate. You need to be more specific as to the type of lien and who is the debtor.No. However, it depends on the type of liens. Liens against the fee owner can be recorded but may be subject to the life estate. Property tax liens take effect in spite of a life estate. You need to be more specific as to the type of lien and who is the debtor.No. However, it depends on the type of liens. Liens against the fee owner can be recorded but may be subject to the life estate. Property tax liens take effect in spite of a life estate. You need to be more specific as to the type of lien and who is the debtor.No. However, it depends on the type of liens. Liens against the fee owner can be recorded but may be subject to the life estate. Property tax liens take effect in spite of a life estate. You need to be more specific as to the type of lien and who is the debtor.
You would be aware if a lien is placed on your property. You should receive notice and a copy of the lien.
The effect is that you cannot mortgage or sell the unit without paying off the lien.
A lien can be placed on a home for medical bills. However, it does require a written agreement or a judgement to that effect.
They can still enforce the lien. They may have to file a claim against the estate.