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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".
What else can I help you with?
Can a home inspector place a lien on a house you do not own?
If the persons living on the property are the ones who owe for the inspection but are not the owners, no. The person owed does however, have other options for collecting the debt. No. If you owe the debt the home inspector cannot place a lien on property you don't own.
What does vandalise mean?
destroyed or damaged something that isn't your property
What are the consequences of a lien placed on ones home by an HOA?
A lien on the title to your home clouds the title -- indicates that there are monies due based on the lien -- so a future transaction will involve the lien. The lien may also be shown on your credit report.
Can you file property taxes for the last two years?
You mean pay....any payment of property taxes is applied to the earliest tax due, and interst and penalties, before current ones.
How do you place a child support lien on real property?
Real Property Child Support LienProperty liens, garnishments, etc. can only be implemented after due process. If a child support order is in effect the court can take whatever means necessary. This ususually involves garnishment of wages rather than a property lien. Altough if there is a large amount of back support due, it is an option. In order to collect a judgment on real property, a forced sale would have to be implemented. A complicated and lengthy process. If the property is jointly owned, a forced sale could probably be avoided. And here is more from other Wiki s contributors:I know how it works in Texas. The Child Support Lien is not actually against the property, it's against the debtor. A title company checks for Abstract of Judgements, Federal Tax Liens, Child Support Liens, etc. when a person does a real estate transaction. If any are found the title company will require the lien(s) to be paid off on or before closing the transaction. To my knowledge, the only ones that can take your property(IF IT IS YOUR HOMESTEAD) are: IRS, DEA, TAXING AUTHORITIES, and the note holder. "Investment Property" is treated differently.
Can a single lien holder take their full judgment award if it is less than the judgment amount and there are other lien holders?
Yes. It is not split proratably or such.The amount goes to the lienholder in first position...generally the one who has the first recorded lien, to the amount of his lien, (entirely if it is less than the lien) and is distributed step by step down the lien holders by position until used up. Lower lienholders may get nothing while senior ones get paid in entirely.
Can a person place a lien on their own property to protect it from creditors?
No, such an action is not possible, and even if it were it would not protect the person's property from creditor action. Personal and real property belonging to a debtor are protected from creditor attachment to the extent provided by the laws of the debtor's state. The exemptions that can be used to protect specific property against a judgment creditor are the same ones that are used when filing bankruptcy and in certain circumstances federal non-bankruptcy exemptions can be used as well.
How do remove a bank lien from vehicle when bank is out of business?
When a bank has failed and you need a lien release, then the FDIC will be the ones to handle it for you. See the link below. It provides you with all the information you need. At the bottom of the page, choose the listing that applies to your situation.
What does it mean to follow ones dharma?
What does it mean to follow ones dharma
Where is the discussion in American Jurisprudence on improvement of one's property by entering adjoining landowners property?
where is the discussion in American Jurisprudence on improvement of ones property by entering adjoining landowners property
What is weather that can cause property damages and even deaths?
Thunderstorms and bushfires are the ones that cause property damages and deaths
What is weather that causes property damage and even deaths?
Thunderstorms and bushfires are the ones that cause property damages and deaths
