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When a mortgage is forclosed with federal tax lien does the lien get paid prior to mortgage?
Wiki User
∙ 13y ago
yes
Wiki User
∙ 13y ago
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Can an attorney file a lien if he withdraws?
He can sue you for any work he performed prior to his withdrawal. If the court decides in his favor he can ask for a judgment lien and file that in the land records. You cannot sell or mortgage your property until the lien is paid.He can sue you for any work he performed prior to his withdrawal. If the court decides in his favor he can ask for a judgment lien and file that in the land records. You cannot sell or mortgage your property until the lien is paid.He can sue you for any work he performed prior to his withdrawal. If the court decides in his favor he can ask for a judgment lien and file that in the land records. You cannot sell or mortgage your property until the lien is paid.He can sue you for any work he performed prior to his withdrawal. If the court decides in his favor he can ask for a judgment lien and file that in the land records. You cannot sell or mortgage your property until the lien is paid.
What is the difference between a first lien and second lien mortgage underwriting process?
A second lien mortgage occurs when a lender is willing to impose a lien on an asset that already carries a lien with another creditor. An example of a second lien mortgage is a second mortgage being taking out for property. If a person does not make payments to either lender, the first mortgage is settled before the second mortgage can be settled,
Would a UCC lien on a property have priority over a mortgage that was recorded prior to the UCC?
The lien that was recorded first would have priority.The lien that was recorded first would have priority.The lien that was recorded first would have priority.The lien that was recorded first would have priority.
How can you volunteer give a lien on your house in AZ?
A voluntary lien would be a mortgage.A voluntary lien would be a mortgage.A voluntary lien would be a mortgage.A voluntary lien would be a mortgage.
Can a lien be put on your home if you have no mortgage?
Yes, a lien is put on your home because you have liability and it doesn't matter whether you have mortgage or not.
Is a subordination agreement a mortgage or a lien?
A subordination agreement is usually used to gain consent from one lien holder to take a junior position to another lien holder. It isn't by itself a mortgage or a lien.
What is a mortgage lien?
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.
To transfer your mortgage to another property?
You can't 'transfer' your mortgage to another property. The bank owns the mortgage lien. You would need to negotiate with the bank to modify its lien.
What does it mean that the mortgage company released the lien on your property?
It means that the lender recorded a notice in the land records that the mortgage has been paid. That notice releases the property from the mortgage lien.
What is the bankers' lien?
The mortgage holder's lien which is considered a secured, priority claim.
If you don't pay can they take your home?
The IRS could get a lien on your home for failing to pay any income taxes that may be due. If there is a federal tax lien on your home, you must satisfy the lien before you can sell or refinance your home.
If your first original mortgage is current can a second mortgage foreclose?
Yes. Any lien holder can initiate foreclosure proceedings when their lien is in default.
