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Answered 2007-02-09 10:56:03
A lien prevents the property from being sold without paying off the creditor. After a certain period of time, it is possible to foreclose on the property, sell it, and collect the amount of the lien, the balance going to the property owner or other creditors.
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Can the government file a lien against a home included in a Will that is being passed to someone who owes back child support?
Following due process, a lien can be placed against property. How they got that property does not matter.
Can a judgment lien be placed against property that is in escrow?
It depends upon the nature of the lien and who is the holder of the escrow account. If the property is being held in escrow by the lender, then yes, the placement of a lien is possible.
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This may vary by state. If the lien is placed against YOU, that being your wages, then it does not affect the property and it will have a clean title. If they file for a lien against your property, though, you will be required to pay off the lien before selling the property. I'd advise that you don't let the debt collector find out you have the property if you plan on selling it.
What does it mean when there is going to be a lien placed against your property as a result of being sued by Citibank?
It means the property the lien is against, cannot be sold, refinanced or transferred in any way until the amount owed is paid in full. In theory when a lien is placed against real property a forced sale can be made. However, several states have laws that disallow the forced sale of a homestead. There are also legal remedies a property owner has available to prevent a forced sale.
Can a lien be placed on a house that is in a trust in Massachusetts?
If there were improvements made on the home or a loan taken out against the property, and they person/company goes through the proper steps, yes. The property being in trust does not affect that ability.
Who were the colonists who protested against the taxes being placed on the colonists?
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My son and I are both on the deed. Can a lien be put against our home because I am being sued?
A lien can be placed against your interest in the property. You REALLY need to talk with a lawyer who may be able to negotiate the amount due on your behalf. Check with your local bar association for a referral.
How do you prevent someone from placing a lien on property?
If someone obtained a judgment lien against you for an unpaid debt, the only way to prevent it from being recorded against your property is to pay it in full.
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Can a tax lien be assumed by the buyer of a property in Ohio?
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Can you lose your home with forty thousand in equity in Florida owing the same amount in debts?
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In Massachusetts can your son place a lien against your home that is held in a trust for the costs of improvements that he made if there was no agreement for repayment?
If there were improvements made on the home or a loan taken out against the property, and they person/company goes through the proper steps, yes. The property being in trust does not affect that ability. It may be that your son is insuring that down the line when the trust has served its purpose that he wants to protect his investment.
Your being at the property or you being at the property?
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If you file bankruptcy after being sued by a credit card company is the judgment against you removed?
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