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If a property is willed to someone do they inguire the liens on the property?
Wiki User
∙ 13y ago
If the property is subject to active liens, generally the devisee will acquire the property subject to those liens.
Wiki User
∙ 13y ago
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Can you file a quit claim and give the property to the other owner?
Yes, if you own the property outright with no liens or other interests.Yes, if you own the property outright with no liens or other interests.Yes, if you own the property outright with no liens or other interests.Yes, if you own the property outright with no liens or other interests.
What to do if there is a lease agrement and the owner dies and there is no will and liens on the property?
If the liens predate the lease then the property will likely be sold to satisfy the creditors.If the liens predate the lease then the property will likely be sold to satisfy the creditors.If the liens predate the lease then the property will likely be sold to satisfy the creditors.If the liens predate the lease then the property will likely be sold to satisfy the creditors.
Does a general warranty deed that is alread transferred to grantor protect it from the previous owners creditors?
First, property is transferred by deed to the grantee. If the property is transferred to avoid creditors the creditors can still attach it through a court process. If there are already judgment liens, tax liens and mortgage liens recorded against the property then you would acquire it subject to those liens. They do not go away if you transfer the property to someone else.
If ex husband signed the property over to you by quitclaim deed are his liens still on property?
Yes. The liens are attached to the property. You should insist that the liens be paid before the transfer.
Classifications of liens?
There are few types: construction, security, tax, judgment, artisan... you should check your state statutes (lien laws) for the types of liens and the requirements for each. Most state statutes are available online.
Can one property have more than one lien against it?
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.
Could there be a outstanding liens on a property if a special warranty deed was issued?
Yes. The only means to determine if there are no outstanding liens on a property is to have the title examined by a professional.Yes. The only means to determine if there are no outstanding liens on a property is to have the title examined by a professional.Yes. The only means to determine if there are no outstanding liens on a property is to have the title examined by a professional.Yes. The only means to determine if there are no outstanding liens on a property is to have the title examined by a professional.
What are all the liens included in junior liens?
The types of liens that are common junior liens are mortgages filed after the first, Home equity lines of credit (HELOC), mechanic's liens, back child support payments, property taxes, past due HOA assessments, dues and fees, IRS, court judgments (if they are attached to your property by a judge). If the first mortgagee successfully forecloses on a property, all liens attached are wiped out except for property taxes, IRS liens, and child support.
Can property liens go away after filing bankruptcy?
Liens, either involuntary or voluntary cannot be discharged in BK, there are there to stay. However, it can be possible to AVOID a lien, depending on the value of the lien, value of the property affected, and the exemption amount for that property. Such a procedure is too complicated to discuss here.
How can your company place liens before starting a job?
There is no venue for attaching a Mechanic's Lien/liens to property before the building or improving of said property has been done. The law does not allow a company to take legal steps against someone's property under the assumption that the contractual agreement will not be fulfilled by the debtor.
Is a person responsible for paying liens on a house that has been foreclosed?
I believe that a lien on a property stays with the property, not with a person. The purchaser of the property will be responsible for any liens to get a clear title.
Who satisfies liens on foreclosed property?
The person responsible for the liens must satisfy the liens. When a home is foreclosed on, the liens are removed before the next buyer purchases the home.
