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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
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What happens if there is a lien on my house?
It means that you can't sell your house without paying your bills.
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 if a vehicle is bought that has a lien on it from first owner but been through a number of other owners can that vehicle be repossed in Ontario?
Now that Ontario has the used car package, you should be aware if any outstanding liens are on this vehicle. However if you purchased the vehicle with a lien still on it you are liable for that lien and the vehicle can be repo'd. If the vehicle was bought through a dealer then they are liable for the lien. Also check the lien to see if it has expired, as this is a case that happens alot. The lien expires but still shows up on the lien search or the original lien has been paid but the lien holder never released it.
What is a Claim of Lien in Florida?
A Claim of Lien is a formal and recorded notice that a lien has been placed on property. In Florida, if the lien results from improvement made to a personal residence the lienor may take action to enforce the lien, which can include foreclosure on your home and a forced sale on the court house steps. A construction lien "expires" or becomes unenforceable 365 days after it was recorded. If you receive a Claim of Lien take it very seriously, do not ignore it, speak to a Florida attorney with proficiency in construction law.
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.
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.
How can you get a state tax lien lifted?
You have a few options with getting a tax lien lifted. The main oneis just waiting until the lien expires and that is what most people do. You can also pay back the taxes and the lien will be lifted thirty days after you have payed it off.
How long is a claim of lien good in Florida for home owner's association fees?
You can work with your attorney to refile the lien before it expires. Every state law is different in this regard.
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
