Yes. A lien must be paid off before a property can be sold or mortgaged. In the case of a sale, the buyer's attorney will make certain the lien is paid from the proceeds of the sale before the buyer takes title.
Yes. A lien must be paid off before a property can be sold or mortgaged. In the case of a sale, the buyer's attorney will make certain the lien is paid from the proceeds of the sale before the buyer takes title.
Yes. A lien must be paid off before a property can be sold or mortgaged. In the case of a sale, the buyer's attorney will make certain the lien is paid from the proceeds of the sale before the buyer takes title.
Yes. A lien must be paid off before a property can be sold or mortgaged. In the case of a sale, the buyer's attorney will make certain the lien is paid from the proceeds of the sale before the buyer takes title.
Yes. A lien must be paid off before a property can be sold or mortgaged. In the case of a sale, the buyer's attorney will make certain the lien is paid from the proceeds of the sale before the buyer takes title.
A lien will not prevent your home from going into auction. Apparently, you owe someone for the loan to purchase the home, or you owe the HOA past-due assessments, or other debt for whicih your home is security.
No, what will happen is this: the finance company will pay off the mechanics lien (usually) and tack that on your loan balance, it would be considered a repo fee.
When you sell or refinance they get paid
You can put 'a lien' on a home in The Bahamas.
You cannot file a lien on your own car to prevent another from filing a lien on your car. If you owe someone money they may be able to put a lien on your car so that they are paid in full.
There are different types of tax liens (IRS, county, state). I'll assume you have an IRS lien. A lien against your residence will prevent you from refinancing the existing home unless you get the IRS to approve a subordination. This means they agree to allow a mortgage company to take a priority position on the title of the home, in front of the tax lien. If you do not own a home, or are referring to a purchase, and the tax lien is against all your personal property, the lender will likely require that it be paid or otherwise satisfied. Before the credit and housing crash it was difficult to obtain financing with a lien against your property (think about a mortgage company considering loaning on a home that they have reason to know may have a lien placed against it by the IRS once you own it) but now it would be far more difficult with the pull back in underwriting requirements.
A property lien is an attachment to the property, not the debtor. The answer would be "no", that won't help you get out of paying the debt.
They will be listed as having a lien on the title. Check the purchase contract carefully to see what their rights are.
Yes. If you purchased a home with a lien on it you are responsible for paying the lien. That's the purpose behind recording a lien in the land records: to notify potential buyers that there is a lien against the property that must be paid off by the owner. That is the reason you should always have an attorney represent you in the purchase of real property. The attorney will order a title examination that will disclose any outstanding encumbrances, including liens.Yes. If you purchased a home with a lien on it you are responsible for paying the lien. That's the purpose behind recording a lien in the land records: to notify potential buyers that there is a lien against the property that must be paid off by the owner. That is the reason you should always have an attorney represent you in the purchase of real property. The attorney will order a title examination that will disclose any outstanding encumbrances, including liens.Yes. If you purchased a home with a lien on it you are responsible for paying the lien. That's the purpose behind recording a lien in the land records: to notify potential buyers that there is a lien against the property that must be paid off by the owner. That is the reason you should always have an attorney represent you in the purchase of real property. The attorney will order a title examination that will disclose any outstanding encumbrances, including liens.Yes. If you purchased a home with a lien on it you are responsible for paying the lien. That's the purpose behind recording a lien in the land records: to notify potential buyers that there is a lien against the property that must be paid off by the owner. That is the reason you should always have an attorney represent you in the purchase of real property. The attorney will order a title examination that will disclose any outstanding encumbrances, including liens.
Drop the price by the amount of the lien, then pay off the lien.
Yes. The lien will survive.
Yes. The lien will be enforced when the home is sold.