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It is an amount that you owe. More than likely something you have ignored the billing on. The creditor went to court and had a lien filed against you, which attaches to everything you own - saying no one else can get title to it (if property) or access it until the debt is satisfied.
If it's an income tax matter, they have the lien and the right to use whatever over payments or refunds you have coming to pay down the account, hold back social security, etc. Other creditors would have similar abilities. The account and debt continues to incur interest and charges until paid in full.
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How to get mortgage with tax lien on credit report?
This can be difficult. There are many considerations. What type of tax lien is it? How old is the lien? How large is the lien amount? If the lien has the potential to jeopardize the security of the loan, then you most likely will need to take care of the lien first.
What is a banking doubler dark orbit?
it doubles the amount of uridium you buy.
If a credit card company has a judgment on you in Tennessee can they take your home if you own it?
no,,,,,,but they can put a lien on it,,,and when you sell your house,,it has to pay the lien amount,,,before you get any money from the house.
What is standing order in banking?
Regular payment made out of a current account which is of a set amount and is originated by the account holder
What are the benefits using Bank West's online banking?
Bank West has many benefits for using their online banking. Online banking makes it easier for one to keep up with the amount of money in one's account and to manage their money. One can also easily transfer money between one's saving and checking account through online banking.
What is a Lien Fee?
The lien fee is the amount charged to record the lien. This amount will vary per state. To learn how much it is to record a lien call the Clerk of Court or Registrar's Office. If you use a lien service to file the lien then their fees would be the lien fee.
How much do you need to owe the state of california before they place a lien on your property?
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.
How do you do a mechanics lien?
any lien is challengable in superior court or small claims, depending on amount of lien.
Can a lien holder ask for more than the lien is worth?
The recorded lien represents the amount due at the time the lien was issued by the court. Court judgments carry interest for every day they go unpaid. In Massachusetts the rate is 12%. The interest can cause the amount due on the lien to grow, especially if years pass before the lien is paid. An attorney could review the amount the creditor is asking for to make certain they are not inflating the amount due. Or, you could check with the court that issued the lien.The recorded lien represents the amount due at the time the lien was issued by the court. Court judgments carry interest for every day they go unpaid. In Massachusetts the rate is 12%. The interest can cause the amount due on the lien to grow, especially if years pass before the lien is paid. An attorney could review the amount the creditor is asking for to make certain they are not inflating the amount due. Or, you could check with the court that issued the lien.The recorded lien represents the amount due at the time the lien was issued by the court. Court judgments carry interest for every day they go unpaid. In Massachusetts the rate is 12%. The interest can cause the amount due on the lien to grow, especially if years pass before the lien is paid. An attorney could review the amount the creditor is asking for to make certain they are not inflating the amount due. Or, you could check with the court that issued the lien.The recorded lien represents the amount due at the time the lien was issued by the court. Court judgments carry interest for every day they go unpaid. In Massachusetts the rate is 12%. The interest can cause the amount due on the lien to grow, especially if years pass before the lien is paid. An attorney could review the amount the creditor is asking for to make certain they are not inflating the amount due. Or, you could check with the court that issued the lien.
What is the best way to purchase a motorcycle with a lien on it from a private seller?
Drop the price by the amount of the lien, then pay off the lien.
How do you settle a lien?
How do you prepare a lien for an automobile?
How do you get a lien removed after your debt has been cancelled?
You dont. You can avoid a lien up to the amount it impairs an exemption; otherwise, once perfected, a lien will only be removed if the pay off the lien.
When a city places a lien on property can the city charge interest on the lien amount?
In most cases, yes.
How to get mortgage with tax lien on credit report?
This can be difficult. There are many considerations. What type of tax lien is it? How old is the lien? How large is the lien amount? If the lien has the potential to jeopardize the security of the loan, then you most likely will need to take care of the lien first.
Can a single lien holder take their full judgment award if it is less than the judgment amount and there are other lien holders?
Yes. It is not split proratably or such.The amount goes to the lienholder in first position...generally the one who has the first recorded lien, to the amount of his lien, (entirely if it is less than the lien) and is distributed step by step down the lien holders by position until used up. Lower lienholders may get nothing while senior ones get paid in entirely.
How much can a vehicle be sold for once a lien has been secured?
If you have a lien on your vehicle, you can sell it for any amount. The vehicle is still subject to the lien which means that the purchaser can lose the vehicle if the lien holder collects on it.
Can someone put a lien for 900 dollars on a 300000 dollar house?
Yes, it is possible for someone to put a lien on a house for $900. The dollar amount of the lien is not dependent on the value of the house. However, the specific laws and procedures for placing a lien may vary depending on the jurisdiction.
