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Is it legal for a lien to be placed on a joint loan if both parties are not on the property for the lien?
Wiki User
∙ 11y ago
Liens are not placed on loans. Liens are placed on the property that secures the loan. If a co-signer who does not own the property secured by the loan is sued for default, the lender could obtain a judgment lien and then use it to take any property owned by that party to satisfy the debt.
Liens are not placed on loans. Liens are placed on the property that secures the loan. If a co-signer who does not own the property secured by the loan is sued for default, the lender could obtain a judgment lien and then use it to take any property owned by that party to satisfy the debt.
Liens are not placed on loans. Liens are placed on the property that secures the loan. If a co-signer who does not own the property secured by the loan is sued for default, the lender could obtain a judgment lien and then use it to take any property owned by that party to satisfy the debt.
Liens are not placed on loans. Liens are placed on the property that secures the loan. If a co-signer who does not own the property secured by the loan is sued for default, the lender could obtain a judgment lien and then use it to take any property owned by that party to satisfy the debt.
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoYes. In the case of real property the lender always records some sort of lien on the property in the land records that allows the lender to take legal possession of the property if the note isn't paid.
Yes. In the case of real property the lender always records some sort of lien on the property in the land records that allows the lender to take legal possession of the property if the note isn't paid.
Yes. In the case of real property the lender always records some sort of lien on the property in the land records that allows the lender to take legal possession of the property if the note isn't paid.
Yes. In the case of real property the lender always records some sort of lien on the property in the land records that allows the lender to take legal possession of the property if the note isn't paid.
Wiki User
∙ 11y agoLiens are not placed on loans. Liens are placed on the property that secures the loan. If a co-signer who does not own the property secured by the loan is sued for default, the lender could obtain a judgment lien and then use it to take any property owned by that party to satisfy the debt.
Wiki User
∙ 11y agoYes. In the case of real property the lender always records some sort of lien on the property in the land records that allows the lender to take legal possession of the property if the note isn't paid.
Wiki User
∙ 7y agoA creditor can record a judgment lien on property owned as joint tenants even if the lien is against only one pf the parties. However, on property held jointly by married couples as tenants by the entirety the lien would have to be against both parties.
Wiki User
∙ 11y agoWhether or not it is possible depends upon how the deed to the property is worded. It also depends upon if the property is owned jointly by a married couple.
Wiki User
∙ 11y agoThis is a tough question to answer without more information. What kind of property? If it's real estate, are you tenants in the entirety, joint tenants, or tenants in common?
Wiki User
∙ 8y agoYES
Anonymous
Yes it is a house left to us by our parents.
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How is property divided if parties were not married but lived together and accrued property together?
There is no legal method of dividing the property of unmarried house-mates. They need to work it out between the parties. If the parties acquired real property as joint tenants each is entitled to one-half of the net proceeds when the property is sold. Each is entitled to one-half of the balance of any joint bank accounts but beware that generally, either can empty the accounts without the other's permission.
Is property acquired after separation in Pennsylvania considered marital property?
In the state of Pennsylvania, property that is acquired after legal separation is not considered property purchased during the marriage. The only time that property is considered joint after legal separation is if joint marital funds are used.
In joint ownership if both parties are decease with no legal heirs or will how can the property be put in some else name?
If the parties truly have no heirs, it should escheat to the state. If it is real property, someone must pay the ad valorem tax on it each year. If no one does, then the tax authorities will foreclose, and it can be purchased at the foreclosure sale.
How do you apply for a court order to stop a co-owner from severing a joint tenancy?
Under long standing common law principles a property owner under a deed that created a joint tenancy has the legal right to sever the joint tenancy. A court will not prohibit that right.Under long standing common law principles a property owner under a deed that created a joint tenancy has the legal right to sever the joint tenancy. A court will not prohibit that right.Under long standing common law principles a property owner under a deed that created a joint tenancy has the legal right to sever the joint tenancy. A court will not prohibit that right.Under long standing common law principles a property owner under a deed that created a joint tenancy has the legal right to sever the joint tenancy. A court will not prohibit that right.
Is it a violation of court order when the mother does not share medical and school information when you have joint custody?
Yes, if you have joint legal custody.Yes, if you have joint legal custody.Yes, if you have joint legal custody.Yes, if you have joint legal custody.
Two joint tenants have spouses and children. If they die does the right of survivorship pass to them?
No. When two people own property as joint tenants and one dies, their interest is terminated and the property is owned by the surviving joint tenant. There is nothing left to pass to the decedent's spouse and children. That is the legal effect of joint tenancy with the right of survivorship.When the surviving joint tenant dies the property will pass to their heirs by their Will or according to the laws of intestacy if they have no Will.
Can a partner property is a joint Hindu family firm property?
yes because firm is not a legal entity in the name of firm partner earn money n they get purchase property in the name of partner.
Who owns property after last surviving joint tenant on the deed dies?
When the last surviving joint tenant dies the property passes to the heirs-at-law of that person if she died intestate or to her named devisees if she had a will. The last surviving joint tenant is the sole owner of the property. In order for legal title to pass to the heirs or devisees the estate must be probated.
Can a lien be put on property you're renting to pay credit card debt?
No. Liens may be placed on property owned, but must be done by via legal judgment.
What is meant by third party joint tenants?
Your phrase is not a legal term. However, you may be referring to a situation where a property owner desires to transfer her property to herself and another as joint tenants. In Massachusetts the owner now has a statutory right to execute a deed granting the property to herself and another as joint tenants. In many other states a straw must be used. By that method title to the property is conveyed to a third party thereby severing the interest of the owner. Title to the property is immediately conveyed by that third party back to the two who desire to own the property as joint tenants.
Under joint tenency rights of survivorship can two of the parties involved find a legal way to get rid of the third party without paying them any money?
No.
When the second joint tenant dies do the children have to probate the estate?
When the surviving joint tenant dies the property passes according to their Will or under the laws of intestacy if there is no Will. If they owned real property at time of death the estate must be probated in order for legal title to pass to the heirs.
