It means that you can't sell your house without paying your bills.
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
Whose responsible for the house payment= mortgagee or owner
When a lien is recorded against your property you cannot sell or mortgage the property until the debt is paid.
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.
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.
Yes, but the specifics matter, as well. Consult a legal professional on this matter.
You have to pay off your bills. That is why these people put a lien on your house.
Check the laws in your state, but NO, they cannot. Your old house secures the mortgage on THAT house. Nothing else.
In BC, when you sell a house, the lawyer must pay the lien and any other outstanding debts, such as taxes and utilities, before the person selling the house receives any of the money from the sale
Eventually the city will take possession of the property and sell it.
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.
A person doesn't have a lien; only property can have a lien.
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.
How do you put a lien on a house in California?
A lien itself? No. A lien is a claim of ownership. But if someone has filed a lien on a house, he's probably owed money, so penalties, fees and interest would apply there.
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.
When property has a lien on it, the property cannot legally be sold until the lien is paid.
you could get sued by the holder of the lien
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.
Yes, but the lien has to be satisfied with the proceeds from the sale. Or the buyer has to accept the lien, not always allowed.
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.
A lien can be put on the property if he has a debt that is owed. If he doesn't own the house, a lien can still be placed on the property. The property has its own value and so does the house.
Generally, in some states a judgment lien affects all the property owned by the defendant in the county where the lien has been recorded in the land records. Once recorded it prevents the sale or mortgage of any real property owned by the debtor. However, in other jurisdictions a specific property must be listed in the body of the lien. In either case, the lien will be reported as part of a title examination ordered by the buyer's attorney. The attorney will need to verify that the lien doesn't affect the property to be purchased and the sale will proceed. However, if there is no clearcut confirmation that the house property is not affected, the buyer's attorney and buyer's bank will insist the lien be paid off.
A company cannot put a lien on a house if you do not own it. In the court's eyes, that is not your property and therefore a lien cannot be attached.