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There is no way to remove a lien from your property unless you pay it in full. If you are planning on doing that you would contact the creditor of whom the lien is from.
YES THERE IS: As every law there is always a loop pole!
Depending on the lien and where you live. Under construction liens, depending on your state and their Statue of limitation, courts require the lien claimant the obligation of moving its lien claim along even after the lien is preserved and perfected.
If a trial date is not obtained or if a lien action is not set down for trial in which a lien may be enforced within two years from the date of the commencement of the action, the perfected lien expires.
Also, don't feel that you can't renew your mortgage without paying out a contractor, you can renew with the current mortgage company without actually having to reapply for a mortgage etc, that is when the contractor is able to get paid without proving anything.
So if you know that your contractor doesn't have $25K to go to court wait them out, especially if your damages equate to the lien value. However, if you owe them pay them.
What else can I help you with?
How can I obtain a lien release for my property?
To obtain a lien release for your property, you need to contact the entity that placed the lien on your property and request a release once the lien has been paid off. This typically involves submitting a formal request and providing proof of payment.
How can I effectively pay off a lien on my property?
To effectively pay off a lien on your property, you should first determine the amount owed and contact the lienholder to arrange payment. You may need to negotiate a payment plan or seek assistance from a financial advisor. Once the lien is paid off, ensure you receive a release of lien document to clear the title of your property.
Can you sell a property lien?
You must pay off the lien and record a release in the land records.You must pay off the lien and record a release in the land records.You must pay off the lien and record a release in the land records.You must pay off the lien and record a release in the land records.
Can you sell dirt off property with a tax lien on it?
YEP!
Can a seller transfer a deed to the buyer if a federal tax lien is against the property and can the property be settled?
NO. You cannot transfer the ownership of the property UNTIL the lien is paid off, in full.
Lien filed against you but no property If you now purchase property will the lien have to be satisfied whenif you sell it?
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 are the repercussions of having a lien on your property?
Your property cannot be sold or mortgaged until the lien is paid. If the lien is substantial the creditor can force a sale of the property. If the lien is for property taxes the town can get a court order, take possession of and sell the property. You should also be aware that interest begins to add up on any judgment lien until it is paid off. The debt will grow larger.
Is a lien on a property considered real or personal property?
A lien is considered personal property.A lien is considered personal property.A lien is considered personal property.A lien is considered personal property.
What is the purpose of a lien being placed against real property?
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.
What does this property in a LIEN SOLD status mean?
There is a lien or was a lien on the property and the lien was sold to a 3rd party such as an attorney
How do you find out if there is a lien on a real estate property you are looking at?
You can have a title company check for you, or you can contact the county where the property is. Liens have to be on file with the deed.
How can you get a title to a car that was charged off?
You contact the lender who has a lien on it and purchase it from them.
