A lien is a legal claim against the real property of another as security for the payment of debt. A lien gives the lienholder the right to sell the property to satisfy the debt if it is not otherwise paid. The property cannot be mortgaged or sold until the lien has been paid. A lien arises only under certain circumstances such as a mortgage, court judgment or a local, state or federal tax lien. A mechanic's lien can be recorded but those have a short life and usually must be pursued in court for a lien of longer duration. Liens have varying statutes of limitation.
A lien is considered personal property.A lien is considered personal property.A lien is considered personal property.A lien is considered personal property.
There is a lien or was a lien on the property and the lien was sold to a 3rd party such as an attorney
Yes, you can get a lien on your homesteaded property in Florida. A court will put a lien on the property if money is owed in a judgement.
An involuntary lien would be a judgment lien by a creditor, a lien for unpaid property taxes or income taxes, a demolition lien, a lien for unpaid common expenses or homeowners association dues or a mechanic's lien. Contrast that with a lien you granted in your property such as a mortgage which would be a voluntary lien.
Artisans lien is against personal property and is possessory. Mechanic's lien relates to real property.
Does a lien have to be renew on the property?
what do you mean by property? But a lien can go in animal control.
The state can record a lien against your property for any amount you owe.The state can record a lien against your property for any amount you owe.The state can record a lien against your property for any amount you owe.The state can record a lien against your property for any amount you owe.
Mortgage Lien - Is a legal claim against a mortgaged property that must be paid or assumed when the property is sold. The person who has the lien on the property can claim the property if the loan defaults. The mortage lien typically belongs to the lender in order to secure the mortgage loan.
The lien goes on the property, not the estate. But the estate must resolve the lien when disposing of the property.
When a judgment is recorded in the land records it becomes a judgment lien against the debtor's real property. That property cannot be sold or mortgaged until the lien is paid.When a judgment is recorded in the land records it becomes a judgment lien against the debtor's real property. That property cannot be sold or mortgaged until the lien is paid.When a judgment is recorded in the land records it becomes a judgment lien against the debtor's real property. That property cannot be sold or mortgaged until the lien is paid.When a judgment is recorded in the land records it becomes a judgment lien against the debtor's real property. That property cannot be sold or mortgaged until the lien is paid.
The property cannot be sold or mortgaged until the lien has been paid.