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It means that you can't sell your house without paying your bills.
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∙ 7y ago
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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
What happens to a lien on a house after it expires?
The lain stays with the mortgage. And if the owner of the mortgage does not settle up with the lien holder that person cannot sell their house, car, boat or whatever the lien is on. They have to pay lien first or sell and before they get the money the amount of the lien will be deducted from total sell
Can a house be built on a property with a lien without being encumbered by the existing lien?
No. Once a house is built it becomes an intrinsic part of the real estate. If the land has a lien on it the lien holder will get your house.
If your house is foreclosed on what happens if you get a personal lender and get a new house Can they put a lien on the new house?
Check the laws in your state, but NO, they cannot. Your old house secures the mortgage on THAT house. Nothing else.
What happens when the city puts a lien on your house for unpaid taxes?
Eventually the city will take possession of the property and sell it.
What happens if a private investor places a lien on your home?
To get a lien he would have had to show a judge the he had a right to do so. You would have to owe him for goods or services. It would have to of been concerning the house. You borrowed money on it, had work done to it and did not pay as promised. If a judge agreed, you have a lien on it. I believe the lien is on the house not you. If you sell it, the lien stays with the house. It would most likely have to be paid before ownership was transferred. If the new owner did not research the deed, it would become his responsibility if he accepted ownership as is.
Will there be a federal tax lien put on my house that's in foreclosure?
Yes, there will be a federal tax lien put on your house that is in forclosure. The bank or person that buys your house will have the option to pay that lien off.
What happens if you sold equipment that has a lien on it not paid for?
you could get sued by the holder of the lien
How do you file a lien on a house that is in a trust in Massachusetts?
Yes, a lien can be filed on a piece of real property, regardless of the owner. However, the reason for the lien has to be directly related to the actual owner or the property itself. i.e., if a trust owns a house and I live in the house, and you have a judgement against me, there is no attaching a lien on the house for my debt.
What if a lien is on your house?
You can not sell your house or if you die your home will go to the people who have a lien on your home.The best thing to do is to pay off the lien which is usually someone or a bank you owe money.
How do you put a lien onsomeone's house in NC?
you cant't, a lien is a debt owed not applied.
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.
