0
A person might place a lien on their own home if they were misinformed. The lien would be null and void. For a creditor, a lien creates an equitable interest in real property owned by another party. That other party owns the legal interest in the property. If a peron who owns the legal interest in property recorded a lien the two "interests" would "merge" in that same person and the lien would be nullified.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What does registering a lien on someone do?
IF ONE OWNS A HOME & HAS A LIEN PLACED AGAINST THEM IT WOULD ATTACH TO ONE'S HOME & WHEN SOLD, THE LIEN MUST BE PAID OUT OF THE PROCEEDS.
If your ex spouse has a lien on a home you own jointly and he dies does the survivor owe the lien to the estate?
Yes because there is no one else to take the home.
Can a lien holder repo a vehicle for no reason?
Not normally ... there must be some reason for this action on the part of the lien holder. If just one payment is missed, or just one day late, the lien holder could claim 'breach of contract' and demand return of the vehicle. I would be asking a high ranking official of this lien holder this very question ...
How do you put a lien on a matrimonial home where one of the owners is not on title?
Generally, if the home is in a sole ownership then you can record a lien once you have prevailed in a lawsuit and the court has issued a judgment lien. Generally, a home is not a marital home unless the husband and wife both hold title as a husband and wife.Generally, if the home is in a sole ownership then you can record a lien once you have prevailed in a lawsuit and the court has issued a judgment lien. Generally, a home is not a marital homeunless the husband and wife both hold title as a husband and wife.Generally, if the home is in a sole ownership then you can record a lien once you have prevailed in a lawsuit and the court has issued a judgment lien. Generally, a home is not a marital homeunless the husband and wife both hold title as a husband and wife.Generally, if the home is in a sole ownership then you can record a lien once you have prevailed in a lawsuit and the court has issued a judgment lien. Generally, a home is not a marital homeunless the husband and wife both hold title as a husband and wife.
If one owes back taxes will the IRS deduct the amount from umemployment benefits?
They can, but they will likely put a lien on something of value before they do that, a car or a home. (Even if your car has a lien their is a spot for a second lien holder)
You live in a patio home community and one of the homeowners has not paid his monthly dues Can a lien be put on his home?
Read your contract.
How can a lien be put on a home for arrear child support if noncustodial parent doesn't own home?
Not possible if you don't have one.
How does a lien on your house by a credit card company effect you?
When you have a lien it shows on your credit rating, this is because money is owed to someone and not paid, also if you want to sell your house the lien would have to be paid off first, it also remains on your credit rating for 7 years.
Your sister owns one quarter of a home but has an IRS lien how do you get her name off the house?
Unfortunately, it is too late. The IRS has a lien on your sister's interest in the property. If she was to convey her interest to you, which would be the only way to get her name off the property, the lien would remain on her interest in the property. The only way to get the lien released is to pay the balance due. IRS liens last for ten years and they have thirty days to refile. You cannot sell or refinance the property until the lien is paid. You can read about federal tax liens at the link below.
If a house is owned by a husband and wife and only one person owes a debt can a collector place a lien on the home?
If the property is owned by the husband and wife as tenants by the entirety a lien for the debt of one will not affect the property.
How do you find out if there is a lien on a mobile home?
You get it checked by a service or a notary. This is a common process of buying one in Canada.
What is a a clouded title?
One that has a lien or some other encumbrance or for some reason ownership is not clear.
