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When is a lien a good thing for a homeowner?

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βˆ™ 2014-12-24 23:47:30

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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.

2014-12-24 23:47:30
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Related Questions

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?

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The owner cannot mortgage or sell the property until the lien is paid.


Can a contractor in Texas force a homeowner to sell house if they refuse to pay for work and a lien has been filed?

They usually can't force the homeowner to sell the house. The lien will prevent the house from being sold. The matter will have to be settled and the lien released before the house can be sold.


How long does the homeowner have before a contractor can file a lien against your home?

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Can you take ownership of property by filing a lien?

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How can a homeowner remove a mechanics lien?

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What size wheelbarrow would be good for the average homeowner?

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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.


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How do you get your lien paid when a homeowner sells his house?

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