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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.
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoGenerally the lender will require that the lien be paid off with the proceeds of the loan.
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Can you sell your house all the foreclosures in Las Vegas has made value drop 200K and pay off your 1st mortgage and then transfer your 2nd to another house instead of foreclosing on 2nd?
No. Leins are non-transferrable. It is possible to take a cashout refinance of the other property to pay the lien in full however. No. Leins are non-transferrable. It is possible to take a cashout refinance of the other property to pay the lien in full however.
If you have a lien placed on your house does this mean you can't refinance your mortgage OR buy a new home until that lien is removed?
The lien doesn't usually affect after-acquired property unless it's an income tax lien. You cannot mortgage, refinance or sell the property against which the lien was recorded. That is exactly the purpose of recording a lien in the land records.
Refinance your mortgage if you owe back taxes?
Do you have a lien on your home? If a lien is placed on your home, you will not be able to refinance to pay back taxes.
Can the lien against my property be released when the the original owner apparently with a tax debt died.?
Assuming you are talking about an IRS lien, then yes. If you were not liable for the taxes, then the lien should not be on your property. The first thing to determine is whether or not the lien actually attached to your property. If the previous owner of the house owned the house at the time the lien was filed, then the lien probably legally attached to the house. If this is the case, this is something you should take up with the title company that did the title work when you purchased the house. More common is that the IRS filed a lien and the address they had on record was still his old house (your house). Just because the lien had that address on it doesn't mean you have a lien on your house. If the property wasn't his, then it did not legally attach. If a title company still has issues with this (if you are trying to sell your house), you may need to get a Certificate of Non-Attachment from the IRS to show them that it's not attached.
I have a tax lien on my home can I refinance it?
The lender will require that the lien be paid off with proceeds from the refi if the refi is approved. No. A lien encumbers the property and it cannot be sold nor refinanced without being satisfied or settled before any other financial transaction occurs.
If I have work done on my house and can not pay will a lien help me?
A lien is not designed to help a homeowner. It is a contractors way of laying claim to some of the value in your home so that you can not sell it or refinance with out paying off the lien. In addition to the original dept you will be required to pay a lien filing fee (about $100) to clear this.
What should you do if a credit card company put a lien on my house in California?
If the lien is attached to a valid debt, the only recourse the debtor has is to pay the amount of the lien. If the judgment debtor believes the lien to be faulty he or she has the legal right to file suit to have the lien removed from the encumbered property.
Can someone put a lien for 900 dollars on a 300000 dollar house?
Yes, it is possible for someone to put a lien on a house for $900. The dollar amount of the lien is not dependent on the value of the house. However, the specific laws and procedures for placing a lien may vary depending on the jurisdiction.
If you're refinancing your house but the contractor who was renovating is putting a lien on the house because you still owe him a small amount of money will that affect the refinancing and your credit?
If the lien is reported to your the 3 credit reporting agencies or even one as a collection it will effect your credit. If the lien is just on your home it will not effect your credit however you will have to pay the lien off when you sell or refinance your property. Also some of these liens have running interest which can be a shock in the future.
What happens to a person's house after a lien is filled?
It is legally possible in most situations for a lien holder to request the forced sale of a home or property. This rarely happens, generally the lien will remain against the home until the homeowner wants to refinance, sell, transfer or initiate any action concerning the property. Before any transactions can take place all liens must be paid or satisfactoriyl settled. Liens against real property accrue interest making it possible for a small debt to rapidly turn into a large one.
Who owns the vehicle you or the lien holder?
Well, you own the vehicle subject to the lien. You cannot sell or refinance the vehicle until the lien holder is paid. If you don't pay the lien, the lien holder can repossess the vehicle. So you own it subject to your paying the loan.
What is the results of having a judgment lien put against your home in Louisiana?
When you sell or refinance they get paid
