0
A lien means you owe someone money and they have a claim against your property until the debt is paid. A voluntary lien such as a mortgage can be considered a good thing since you initiated that lien process and benefitted from it by being able to purchase the property with a loan from the bank.
Involuntary liens such as tax liens or judgment liens are not a good thing.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
How do you file a lien on a homeowner association?
To file a lien on homeowner association you have to file at the court house.
Can you put a lien on a house for collateral for a car in the state of PA?
The only way a person can obtain a lien on a home is for the homeowner to agree to the lien in writing or the lender must sue the homeowner in court for non-payment of the car loan. If they win they can request a judgment lien from the court and that lien can be recorded in the land records. The property cannot be sold or mortgaged until the lien is paid off.The only way a person can obtain a lien on a home is for the homeowner to agree to the lien in writing or the lender must sue the homeowner in court for non-payment of the car loan. If they win they can request a judgment lien from the court and that lien can be recorded in the land records. The property cannot be sold or mortgaged until the lien is paid off.The only way a person can obtain a lien on a home is for the homeowner to agree to the lien in writing or the lender must sue the homeowner in court for non-payment of the car loan. If they win they can request a judgment lien from the court and that lien can be recorded in the land records. The property cannot be sold or mortgaged until the lien is paid off.The only way a person can obtain a lien on a home is for the homeowner to agree to the lien in writing or the lender must sue the homeowner in court for non-payment of the car loan. If they win they can request a judgment lien from the court and that lien can be recorded in the land records. The property cannot be sold or mortgaged until the lien is paid off.
What can homeowner do if lien is file against his property?
The owner cannot mortgage or sell the property until the lien is paid.
Can you buy an HOA lien from an HOA and force the homeowner to pay you for all back fees and interest?
Yes. A note on the interest part--your state's law will dictate what interest, if any, you will receive. And you will assume the HOA's liability--if the lien is later declared invalid, you will be responsible for the homeowner's court costs. Make sure that it is a part of the sale of the lien that the HOA will cooperate in any foreclosure proceedings that might occur to collect the lien--without them, the homeowner will likely win.
Can a homeowners association lien impede a mortgage loan?
Yes, a homeowners association lien can impede a mortgage loan. If a homeowner has outstanding unpaid dues or violations, the homeowners association may place a lien on the property. This lien takes priority over a mortgage, making it difficult for the homeowner to refinance or sell the property without addressing the lien first.
Can you take ownership of property by filing a lien?
No. A lien doesn't give you ownership. First, you must sue in court and win to obtain a judgment lien. A homeowner cannot sell or mortgage their property until a judgment lien is paid. You may be able to foreclose on the judgment lien in your state. If the lien isn't paid you can consult with an attorney in your state regarding how to foreclose on a judgment lien. Legal costs may be expensive.
How can a contractor in California obtain money owed from a homeowner if the homeowner refuses to pay even though a mechanic lien was filed?
See a construction law attorney and have a lawsuit for foreclosure of lien initiated. I do not recommend filing your own lawsuit--they are quite complicated and attorney fees can be collected if you win.
Can a lien be put on a property in foreclosure for owed homeowner's dues?
If the homeowners' association has recorded covenants and/or bylaws against the home in question, and the dues required by the covenants and/or bylaws have not been paid, a lien can be filed immediately in most cases, regardless of foreclosure or sale of the property. However, to ensure that the lien paperwork is filled out correctly (and avoid thousands of dollars in attorney fees should the homeowner challenge the lien in court), the homeowners' association should hire an attorney to prepare the lien documents.
If I have work done on my house and can not pay will a lien help me?
A lien is not designed to help a homeowner. It is a contractors way of laying claim to some of the value in your home so that you can not sell it or refinance with out paying off the lien. In addition to the original dept you will be required to pay a lien filing fee (about $100) to clear this.
What is the Utah statute of limitations for Homeowner association lien?
Your association counsel can give you the answer you seek: liens are not standard nor is their expiry.
What happens if you ignore a local ordinance violation?
You will be brought up to the board of selectman/city counsel and have to pay a fine. If you are renting, you maybe evicted.Your fine will accrue interest and compound and if you are a homeowner that fine may turn into a lien on the property.
Can a Nevada HOA still place a lien on homeowner who failed to pay a special assessment prior to homeowner filing for Bankruptcy?
Your bankruptcy attorney can help you determine whether or not the special assessment was part of your bankruptcy proceeding.
