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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.
What else can I help you with?
House you want to buy has a lien?
The lien must be paid. The funds should come out of the seller's pocket.
Can a dealership sell you a car with a lien on it?
The question should be. Should you ever buy a car with a lien on it. The answer is absolutely not, no, not if you are smart.
What happens if you buy a house with a lien on it and you didnt know?
Whose responsible for the house payment= mortgagee or owner
If you buy a home with an owner carried contract in state of Washington and the original owner owes the IRS money can the IRS still lien the home if there are no current liens on the home?
Under normal law, no. However the IRS does whatever it feels like doing. In tax court you are guilty until you prove yourself innocent. If they lien a property, confiscate goods or even clean out a bank account, their attitude is "we have it. It's up to you to prove to us why we should return it." The IRS is an internal terrorist organization. It is the main reason that I no longer live in the US.
What does is mean to have a lien on ones property and tenets?
A lien is a security interest in the property. A lien might arise from a loan. If you buy a car with the bank's money the bank will put a lien on the car. If you don't pay the bank back, it can foreclose on its lien and take the car from you. If you have a roofer add a new roof to your house, and you don't pay him, the laws allow the roofer to put a lien on your house. The roofer now has a stake in the house. If you don't pay off the lien your house can be forcibly put up for sale in order to satisfy the lien. I believe "property and tenets" translates into modern speak as "property and belongings".
Is it possible to buy a second house while a first house has a lien on it?
It will depend on the judgment of a lending insitution or mortage broker. The deciding point is going to be the strength of the lien holder, as well as your ability to handle repayments.
Can the bank put a lien on your house after a car repo?
Yes. They repo and sell it for next to nothing. They sue in court and get a jugement that they use to put a lien on your house. Next time buy a cheap car just to get you there and back.
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.
If a person has a lien on their first house and they are trying to buy a second house can they put a lien on the second house if the title insurance says they have to?
Yes, if the title insurance requires it, a person can place a lien on their second house, even if they already have a lien on their first house. This typically occurs when the lender wants to secure their interest in the new property, especially if the buyer's financial situation is leveraged due to the existing lien. However, the ability to do so also depends on the terms of the existing lien and the specific regulations governing liens in their jurisdiction. It's advisable to consult a legal or real estate professional to understand the implications and requirements fully.
Can you sell your own property while there is a lien on it?
The creditor must be paid at the time of the closing. Therefore, when you take title, the property will no longer be subject to the lien. Clearing liens is the responsibility of the closing attorney. It is the reason a prudent attorney (and a prudent buyer) makes certain a comprehensive title examination is performed prior to the closing.
How can you buy a house after it has been foreclosed and not sold at auction?
You can contact the lender or lien holder who foreclosed on the property and make your offer to them.
If you buy a car with a lien on it will the lien come off?
NO! BANK LIEN-PAY IT OFF. MECHANICS LIEN-PAY IT OFF. autolienservice.com
