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What does a lien on real property accomplish?


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Answered 2012-03-22 13:36:15

The property cannot be sold or mortgaged until the lien has been paid.

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Is a lien on a property considered real or personal property?

A lien is considered personal property.A lien is considered personal property.A lien is considered personal property.A lien is considered personal property.


Can a lien force the selling of your property?

is furniture real property for a lien


Does a judgment act the same as a lien when you sell real property?

When a judgment is recorded in the land records it becomes a judgment lien against the debtor's real property. That property cannot be sold or mortgaged until the lien is paid.When a judgment is recorded in the land records it becomes a judgment lien against the debtor's real property. That property cannot be sold or mortgaged until the lien is paid.When a judgment is recorded in the land records it becomes a judgment lien against the debtor's real property. That property cannot be sold or mortgaged until the lien is paid.When a judgment is recorded in the land records it becomes a judgment lien against the debtor's real property. That property cannot be sold or mortgaged until the lien is paid.


What is the Difference between a mechanic's lien and an artisan's lien?

Artisans lien is against personal property and is possessory. Mechanic's lien relates to real property.


Can someone put a lien on your house if your house is not on the title?

If someone recorded a lien against your real property it includes the house since it is attached to the real property. When you are the grantee in a deed for real property you get the land and anything permanently attached to it.If someone recorded a lien against your real property it includes the house since it is attached to the real property. When you are the grantee in a deed for real property you get the land and anything permanently attached to it.If someone recorded a lien against your real property it includes the house since it is attached to the real property. When you are the grantee in a deed for real property you get the land and anything permanently attached to it.If someone recorded a lien against your real property it includes the house since it is attached to the real property. When you are the grantee in a deed for real property you get the land and anything permanently attached to it.


How long will a lien on real property last in Texas?

When the lien is payed - even after death.


What happens when a lien is placed on your real property?

Your property cannot be sold or refinanced until the lien is paid. In the case of a judgment lien, income tax lien or lien for property taxes you should be aware that interest accrues rapidly on unpaid amounts due.


What is a lien on real estate?

A lien on real estate means that someone else has an interest in the property. The property cannot be refinanced or sold without satisfying the lien. A lien can arise from unpaid personal or real estate taxes, court judgments or installation of municipal services such as sewer lines.


What is judgment debt on property?

If someone has taken you to court and won a money judement in their favor the court will issue a judgment lien that can be recorded in the land records against your real property. You cannot sell or refinance your property until the lien is paid. The lien affects any property you may own. If you have no real property the sheriff can sieze any personal property you own in order to satisfy the lien.


How do you assess a lien on property in a property owners association?

Read your governing documents, and determine what action must be taken before a lien is filed. When you're ready to file a lien, work with your association-savvy attorney to accomplish this task.


A lien that affects all of the real and personal property owned by a debtor is called?

General lien.


How do you pursue a property lien?

For real property the lien must be recorded in the land records. The property cannot be sold or refinanced until the lien is paid. If you want to take possession of the property you should consult with the sheriff or an attorney who specializes in representing creditors.For real property the lien must be recorded in the land records. The property cannot be sold or refinanced until the lien is paid. If you want to take possession of the property you should consult with the sheriff or an attorney who specializes in representing creditors.For real property the lien must be recorded in the land records. The property cannot be sold or refinanced until the lien is paid. If you want to take possession of the property you should consult with the sheriff or an attorney who specializes in representing creditors.For real property the lien must be recorded in the land records. The property cannot be sold or refinanced until the lien is paid. If you want to take possession of the property you should consult with the sheriff or an attorney who specializes in representing creditors.


If a lien is placed on real property can your car be reposessed?

If a lien is placed on real property can your car be reposessed? In: http://wiki.answers.com/Q/FAQ/2518-39 [Edit categories]


What is the Statute of limitation on real estate debt?

If the debt is on real property, there is no limit. The debt is a lien against the property and the debtor collects on sale. A lien is valid as long as the property exists, and land seldom disappears.


Where are liens filed?

To be effective against real property a judgment lien (or any other type of lien that affects real property) must be recorded ASAP in the land records office in the jurisdiction where the property is located.


Can a buyer of real estate property place a lien for repairs to property prior to the closing date?

No. The buyer has no authority to place a lien on the property and no cause of action for which to sue.


How do you place a lien on personal property to cover a loan?

Personal property is pretty much impossible to put a lien on unless it has a title. Only something with a title, such as a car or boat, can really get a lien put on them. And real property, basically land, can have a lien put on it.


Can a lien be placed on house after it is put up for sale?

Yes. A lien can be recorded against real property right up until the moment the new deed is recorded transferring the property to the new owner.Yes. A lien can be recorded against real property right up until the moment the new deed is recorded transferring the property to the new owner.Yes. A lien can be recorded against real property right up until the moment the new deed is recorded transferring the property to the new owner.Yes. A lien can be recorded against real property right up until the moment the new deed is recorded transferring the property to the new owner.


How do you file lien on property that you have a promissory note on?

You need to sue the debtor in court and win. If you prevail in your suit you can request a judgment lien. The lien can be recorded in the land records if the debtor owns real property. The property cannot be refinanced or sold until the lien is paid. Generally, personal property can be seized by the sheriff to satisfy your lien.


Your ex built a couple of decks on your house and you paid for the materials. Can he place a lien on your property?

It is not that easy to put a lien on real property. Generally, He would need to sue you in court and win. The court would issue a judgment lien that can be recorded in the land records.He cannot place a lien on his own.It is not that easy to put a lien on real property. Generally, He would need to sue you in court and win. The court would issue a judgment lien that can be recorded in the land records.He cannot place a lien on his own.It is not that easy to put a lien on real property. Generally, He would need to sue you in court and win. The court would issue a judgment lien that can be recorded in the land records.He cannot place a lien on his own.It is not that easy to put a lien on real property. Generally, He would need to sue you in court and win. The court would issue a judgment lien that can be recorded in the land records.He cannot place a lien on his own.


Can you refinance with a tax lien on your property?

With help from a qualified CPA or Attorney it is possible to get the lien lifted in order to refinance or sell. However this is a process you should get help with to accomplish.


How do you collect a lien on property not worth as much as the lien?

In order to collect on the lien, you will need to see a real estate attorney and have the lien foreclosed. In some states, deficiency judgments are allowed (meaning that if the property is worth less than the lien, then any unsatisfied portion of the foreclosure judgment could be executed on other property of the defendants). See the phone book for real estate attorneys who give "free consultations."


How does one file a lien against a piece of property?

To place a lien on real estate a judgment must be issued by the court and then recorded in the land records where the property is located.


What happens when you put a lien on property?

When property has a lien on it, the property cannot legally be sold until the lien is paid.


Can a lender put a lien on the borrower property?

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.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.


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