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The liens must be paid before the property can be transferred.
The liens must be paid before the property can be transferred.
The liens must be paid before the property can be transferred.
The liens must be paid before the property can be transferred.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoThere is no limit. For voluntary liens, you are only limited by the amount of credit you can obtain on the value of your property.
For liens such as judgment liens and tax liens, there is no limit but all the lien holders may not get paid depending on their seniority, the amount of the liens, and the value of the property.
There is no limit. For voluntary liens, you are only limited by the amount of credit you can obtain on the value of your property.
For liens such as judgment liens and tax liens, there is no limit but all the lien holders may not get paid depending on their seniority, the amount of the liens, and the value of the property.
There is no limit. For voluntary liens, you are only limited by the amount of credit you can obtain on the value of your property.
For liens such as judgment liens and tax liens, there is no limit but all the lien holders may not get paid depending on their seniority, the amount of the liens, and the value of the property.
There is no limit. For voluntary liens, you are only limited by the amount of credit you can obtain on the value of your property.
For liens such as judgment liens and tax liens, there is no limit but all the lien holders may not get paid depending on their seniority, the amount of the liens, and the value of the property.
Wiki User
∙ 12y agoThere is no limit. For voluntary liens, you are only limited by the amount of credit you can obtain on the value of your property.
For liens such as judgment liens and tax liens, there is no limit but all the lien holders may not get paid depending on their seniority, the amount of the liens, and the value of the property.
Wiki User
∙ 13y agoYes, a perfect example would be a second mortgage.
Wiki User
∙ 12y agoYes. There is no limit to the number of liens that can be recorded against a property.
Wiki User
∙ 15y agoThere is no limit to the number of liens there can be against a property. All the liens would be disclosed during a professional title examination.
Wiki User
∙ 12y agoThe liens must be paid before the property can be transferred.
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If more than one person is on the deed can anybody force the sale of the home or attach a lien?
Sorry I cannot give a more specific answer. Whether or not a lien or forced sale can be initiated against property depends on how the property is titled, and the state statutes. In most cases liens can be placed against the percentage of property that is owned by the debtor, but a forced sale cannot be implemented.
Can a creditor's lawyer place a lien on a financed vehicle in the state of Texas?
When you signed the contract to finance the vehicle, the creditor put a lien on the vehicle. In the rare event that this was not done, it can be done later in some cases.Also, a creditor can place a lien on an already financedvehicle if there is more equity in the vehicle than the amount of the original loan. Generally, a creditor who obtains a judgment lien against you can arrange to place that lien against any property you own in order to satisfy the lien.
If you paid the delinquent property taxes on another person's property can you file a lien against it to recover your expenditure when the property is sold?
YES BUT YOU SHOULD DO IT RIGHT AFTER YOU PAY THE TAXES. * No. The party who paid the delinquent taxes has no legal rights to the property. You cannot automatically place a lien against property other than that of a Mechanic's Lien. The paying of the taxes would be considered a loan, the only option for recovery of the monies if the property owner did not voluntarily repay the amount would be to sue the party in the appropriate state court.
What is a second mortgage and is there a statute of limitations on a lien?
AnswerYou can have more than one mortgage on a property. The second mortgage will always be smaller, and will depend on the equity you have in the property. (Equity is the difference between what the house is worth and what you still owe on it, ie. the first mortgage.)People typically get them to do home improvements or pay off credit card debt.AnswerThe second mortgage also refers to the position on the lien.Lenders who are in the first position have the primary lien against the property. They would be able to foreclose on the property should a borrower default because of their primary lien position. The second lien position relates to the amount of money loaned and that second position. A secondary lien holder would find much more difficulty foreclosing on the property. This is why second mortgage interest rates are typically much higher than first mortgage rates, to compensate for the higher risk.Think of this in terms of other liens against property. For consumers who have money problems, get sued and have judgments issued against them; there can be a number of lien against their property. The position would depend on the time frame and amount of money owed.All liens (which is what a mortgage is) encumber title and can prevent sale of the property.There is no statute of limitations per se for a perfected judgment (one attached to property). A judgment lien can be from 5-20 years and in most cases is renewable.There are time restrictions on when a judgment can be perfected and those are set by the state in which the judgment debtor resides.
What happens to to second lien if borrower defaults on first lien?
It may be accelerated and payable from the excess proceeds of the auction held by the first lienor in foreclosure, if there is any excess. --- improve the answer: If seond lien is not a superior lien (e.g. Tax lien is superior than MGT lien), when the first lien is foreclosured the second lien will be washed out --- Not exists any more. However, a superior lien, even a second lien, will still survive the foreclosure process which means the property owner (who has bought the property during foreclosure) still needs to pay.
Can someones debt be placed as a lien on your property?
Not unless they also have an interest in the property other than a tenancy by the entirety.
What is a short sale in real estate?
A short sale is a sale in real estate, in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property, and the property owner cannot afford to repay the liens' full amounts and where the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt.
How do you collect a lien on property not worth as much as the lien?
In order to collect on the lien, you will need to see a real estate attorney and have the lien foreclosed. In some states, deficiency judgments are allowed (meaning that if the property is worth less than the lien, then any unsatisfied portion of the foreclosure judgment could be executed on other property of the defendants). See the phone book for real estate attorneys who give "free consultations."
Can you charge interest on a mechanics lien?
Depends upon the wording of the law in your particular state but usually, no. The seized property itself is the collateral for the amount owed - and in most cases is (or should be) worth more than the amount of "mechanics" lien.
If lien is associated with a judgment against the defendant can it be placed on undeveloped land in another country other than where the defendant resides?
It cannot be re-placed on property that is outside the jusrisdiction of the presiding court.
Your name is on the loan but not on the deed can they put a lien on your house?
yes you can put a lien on anythig but if you are on the deed you are an owner,so yes u can put a lien on the house * It might be possible to sue the joint owners (not a spouse) and is a judgment is awarded place a lien against their share of the propery. It depends upon how the property is titled, (Joint Tenants, Tenants in Common, Joint Tenants With Rights Of Survivorship). Nevertheless, taking such action makes no sense whatsoever, the joint owner would be attaching his own property share as well as that of the other(s). A lien encumbers the property it cannot be sold, refinanced, transferred, borrowed against or in any manner distributed until the lien is satisfied. If the purpose is to recover a debt owed by one of the joint owners the better option is to sue in for a monetary judgment, thereby avoiding all the problems that are associated with attaching a lien, perfecting it, forced sale issues and so forth.
If a mobile home is sitting on your property and the person owning the mobile home will not move it from your property can you put a lien on it and if so can you just send them a certified letter?
It is possible to place a lien on unclaimed property, however more than a certified letter will be necessary. You should begin with the letter to notify the mobile home owner of your intentions, and if the home goes unmoved, you may file for a lien with the local courts. This will require further contact to serve the home owner.
