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What happens after a lien is placed on a property and waiting to get paid?
Wiki User
∙ 12y ago
Each state is different, but a lien filed is only good for a certain amount of time in most cases. The person who filed has to either extend the lien on, i.e., a 6-month basis, or will have to sue to "perfect" the lien, which will then become a judgment against the person. A lien is only filed on a property.
Wiki User
∙ 12y ago
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Can a lien be against automobiles?
A lien can be placed against almost any property.
Can a judgment lien be placed on a property mortgaged by USDA-Rd?
A lien can be placed on any property, regardless of who holds the mortgage. In most cases the mortgage holder will be paid before a secondary lien holder.
If a credit card placed a lien on your property and you sold it for payoff do you still have to pay the lien?
Yes.
What happens when you have a child support lien placed on you?
you have to pay it
Would i be contacted if I have a lien against my house?
You would be aware if a lien is placed on your property. You should receive notice and a copy of the lien.
Judgment liens are what type of lien?
A Judgment Lien is a lien placed on property by a creditor to recover a certain sum of money granted by a judgment awarded in court. The property can not be sold legally while the lien remains unpaid.
Can a judgment lien be placed against property that is in escrow?
It depends upon the nature of the lien and who is the holder of the escrow account. If the property is being held in escrow by the lender, then yes, the placement of a lien is possible.
Can a lien be placed against personal property of executor of an estate if they didnt pay you your inheritance?
A lien can normally only be placed with a court order. The beneficiary can certainly take them to court. And if they win, then they can place a lien.
Can a creditor's lien be placed on property paid for with VA compensation benefits?
Yes.
Can a lien be placed on your personal property by a credit card company if the account is in arrears?
A creditor must follow due process as prescribed by the laws of the state where the debtor resides. For a lien to be placed against real property the creditor must first sue the debtor, be awarded a judgment and enforce the judgment as a property lien.
Can a home owner's association foreclose on a home?
If they hold a mortgage or a lien on the property. Home owner's associations often have required dues and if they are not paid, a lien can be placed on the property.
What does levy taxes?
A levy is a seizure of money or property to satisfy a tax debt. A levy is different from a tax lien. A lien is collateral placed on property for a debt. a levy is physically taking the property.
