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If a house has a lien from the neighborhood HOA and sells and the lien is not paid who pays?
Wiki User
∙ 16y ago
The lien would remain on the property. That sort of thing should show up on the title examination BEFORE the sale. Then the buyer could have required the seller to pay it. That's the purpose of a "lien". You may have to have an attorney write a letter to the title company--ultimately they are paid to find such things and make sure that they get it paid at closing. The lien must have been properly recorded.
Wiki User
∙ 16y ago
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How do you get your lien paid when a homeowner sells his house?
The title company handling escrow and the documents should see the lien, which should be recorded, when they do the title search. When the sale goes through, the amount of the lien will be included in the settlement. If there will not be enough money, the debtor should be required to pay the lien and present a paid receipt for it. Possibly you could do a little research if you are aware of the sale of the house and call the title company to be certain that the lien has been found.
How long is a property lien for in New Mexico?
The lien stays with the property until it is paid. You cannot sell a car or a house, for instance, until the lien is paid and you have clear title. Usually the lien on a house is paid for at closing, either from the proceeds of the sale or money that you bring to the table.
Should you buy a house with an IRS lien?
The lien must be paid at the closing from any proceeds that are to be paid over to the seller.The lien must be paid at the closing from any proceeds that are to be paid over to the seller.The lien must be paid at the closing from any proceeds that are to be paid over to the seller.The lien must be paid at the closing from any proceeds that are to be paid over to the seller.
Is it possible to refinance a house with a lien attached?
Generally the lender will require that the lien be paid off with the proceeds of the loan.Generally the lender will require that the lien be paid off with the proceeds of the loan.Generally the lender will require that the lien be paid off with the proceeds of the loan.Generally the lender will require that the lien be paid off with the proceeds of the loan.
House you want to buy has a lien?
The lien must be paid. The funds should come out of the seller's pocket.
How long does a house lien last on the house before it is dropped?
Until the money that is owed is paid.
Selling grandmothers house with a lean on it?
The lien will need to be paid from the proceeds of the sale.
Can lien on a house affect the owner's credit if the house was bought with cash?
Yes. A lien will show up on your credit record whether you paid cash or mortgaged your property.
Is there a state tax lien on real property after the owner dies and if so how is it released?
The state sells the house/property in a auction if the taxes are not paid eventually. All taxes have to be paid. The details vary from state to state but upon the sale of the property, the taxes must be paid by someone.Added: The tax lien becomes a lien against the deceased's estate and when the estate is probated the executor must satisfy the government's lien from the proceeds of the estate (if any).It IS conceivable that the property may have to be sold in order to get the funds to pay the back taxes.
What work can be done to a house if a mechanics lien is filed on the house?
Work may continue with no interference. However, you will be unable to sell the home without that lien being paid in full.
Does a lien on your house force selling your home?
No. Every mortgage is secured by a lien. The lien only ensures that the lien holder is reimbursed upon sale of the property. There can actually be several lien holders on a single property, and each will be paid in turn.
Can a house be sold that a mortgage company put a lien on?
Yes, This lienholders are paid during escrow.
