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You are owed money for rent and personal loans how do you put a lien on personal property?
Wiki User
∙ 15y ago
Liens can only be placed on real property such as a home, business, vehicle. To recover monies owed the creditor must sue the debtor in the appropriate state court in the county in which the debtor resides. (Personal property are things such as income, bonds, stocks, bank accounts, furnishings, etc.) These items are not subject to liens, but are garnished/levied, seized and sold by means of a court ordered judgment.)
Wiki User
∙ 15y ago
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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.
Can you file a lien on personal loans?
You can place a lien on a personal loan. You need to win a lawsuit that allows you to against the debtor.
Can a personal lien be placed on a relatives property if a loan is not repaid?
Not sure what you mean. You have to sue them in court, if they owe you money. Then, if they don't pay you could garnish their wages. You'll need an attorney to place a lien. If you owe money, no one can put a lien on a relative's property.
What are mortgage loans and personal loans?
Mortgage loan and Personal loans are different types of loan that can be assisted by a licensed money lender. For Mortgage loan, this typically covers mortgage. If you are having troubles or in pressing need for funds to buy real estate property, then this is the loan for you. This is either used by purchasers to buy and at the same time can be used by existing property owners to acquire or raise funds (regardless of the purpose) while putting a lien on the property being mortgaged. Meanwhile personal loans can be called unsecured loans or signature loan that is on the basis of the borrower's credit history and also considers the ability to repay it from personal income.
What is the Difference between a mechanic's lien and an artisan's lien?
Artisans lien is against personal property and is possessory. Mechanic's lien relates to real property.
You co-signed a mortgage for property you don't own. Can a lien be placed on that property for your own personal debt?
No. If you are a co-signer on a mortgage for property that you don't own your personal creditor cannot place a lien against that property for your personal debt. If the creditor does record a lien in the land records it will have no effect if you have no ownership interest in the property.No. If you are a co-signer on a mortgage for property that you don't own your personal creditor cannot place a lien against that property for your personal debt. If the creditor does record a lien in the land records it will have no effect if you have no ownership interest in the property.No. If you are a co-signer on a mortgage for property that you don't own your personal creditor cannot place a lien against that property for your personal debt. If the creditor does record a lien in the land records it will have no effect if you have no ownership interest in the property.No. If you are a co-signer on a mortgage for property that you don't own your personal creditor cannot place a lien against that property for your personal debt. If the creditor does record a lien in the land records it will have no effect if you have no ownership interest in the property.
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.
Can you get a lien on your Homesteaded property in Florida?
Yes, you can get a lien on your homesteaded property in Florida. A court will put a lien on the property if money is owed in a judgement.
What is judgment debt on property?
If someone has taken you to court and won a money judement in their favor the court will issue a judgment lien that can be recorded in the land records against your real property. You cannot sell or refinance your property until the lien is paid. The lien affects any property you may own. If you have no real property the sheriff can sieze any personal property you own in order to satisfy the lien.
What does the term irs lien mean?
An IRS tax lien means the IRS is placing a lien against your hours or other personal property. This is usually due to you owing the IRS an amount of money. If you cannot pay it within a certain amount of time, they could put a lien on your property, seize it, and sell it in order to make the money they are owed.
What tenant property is exempt from a landlords lien?
personal
A lien that affects all of the real and personal property owned by a debtor is called?
General lien.
