The only way to remove an active lien is to pay it off. You cannot sell or mortgage your home until the lien is paid.
If the company holding a lien on a car ceases to exist, its assets are usually bought up or inherited by another company. A lien is an asset, so the lien continues to exist and you pay the money to the new owner. If the lien is held by one company but the car manufacturer ceases to exist, the lien stays the same.
A tax lien is issued when a company fails to pay their taxes. If they do not pay their back taxes the property may be foreclosed. A tax lien list contains a list of delinquent properties.
An insurance company generally does not pay the lien holder directly. The vehicle owner is responsible for paying for insurance coverage and will often deal with the insurance company themselves after a collision has taken place.
Pay off the lien or have the current owner pay it off. In some states you must wait for the title from the finance company in order to properly register and insure the vehicle.
If work is done to the property such as remodeling, repairs and a company does not pay, the person(s) owed can file a Mechanic's Lien without the necessity of the usual court procedure against said company.
It depends on the state. Most state departments of revenue have a way to pay online by reference the year and the type of tax. If the lien has be sold to a credit collection company, then you must make all payments to the collections company.
A lien on any automobile means the owner has either takens a loan out to pay on the vehicle or to pay something else but uses the vehilce as collateral or a 3rd party company has placed a lien againt the vehicle to collect unpaid money.
NO! BANK LIEN-PAY IT OFF. MECHANICS LIEN-PAY IT OFF. autolienservice.com
If the lien is attached to a valid debt, the only recourse the debtor has is to pay the amount of the lien. If the judgment debtor believes the lien to be faulty he or she has the legal right to file suit to have the lien removed from the encumbered property.
no,,,,,,but they can put a lien on it,,,and when you sell your house,,it has to pay the lien amount,,,before you get any money from the house.
Sure. But if there is a lien against the property, it would be sold to generate the money to pay off the lien, even in bankruptcy. The lien secures or ties the debt to the property. If the amount generated doesn't pay off the debt, that amount becomes an unsecured claim in the bankruptcy and any other asset sold can be used to pay it off. Then if there is nothing else that can be used to pay your debts, and you still owe, the court may reduce or eliminate the rest.