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You bought property you didn't know had liens on it how do you make them pay you?
Wiki User
∙ 16y ago
You have to track down the owners of the liens and pay them. Your local tax office or the tax office in which the property is located should be able to assist you in the location of the holders of the lien. If you bought the property with existing liens attached to it, you bought the liens too and are now responsible for them legally. Your only recourse would be to sue the previous owners for restitiuion of the cost of paying off the liens.
Wiki User
∙ 16y ago
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Will a bank give a mortgage to 4 siblings if 1 is unemployed 1 has liens 1 has 2 mortgages and 1 is getting a divorce?
It depends on any prior liens in the property, the incomes of the parties, their credit ratings and whether they can afford to pay the mortgage. The lender may want the liens paid off first. You won't know until you speak with some lenders.It depends on any prior liens in the property, the incomes of the parties, their credit ratings and whether they can afford to pay the mortgage. The lender may want the liens paid off first. You won't know until you speak with some lenders.It depends on any prior liens in the property, the incomes of the parties, their credit ratings and whether they can afford to pay the mortgage. The lender may want the liens paid off first. You won't know until you speak with some lenders.It depends on any prior liens in the property, the incomes of the parties, their credit ratings and whether they can afford to pay the mortgage. The lender may want the liens paid off first. You won't know until you speak with some lenders.
Do liens against your property have to be recorded?
Yes. If a creditor wants to encumber your real estate they must record the lien in the land records.There is an exception made for towns to record property tax liens after a property has been sold and transferred to a new owner. In most jurisdictions, a town can record a lien for several months or years after you have transferred the property. That is one reason to have an attorney represent you, as a buyer, when you purchase property. They know what needs to be checked to make certain you don't get any surprises in the form of tax liens from the prior owner.
Will owner know there is a lien on his real property?
Yes. Liens against real property must be recorded in the land records. Any property owner can visit the land records office to check if liens have been recorded in their name or against their property. An involuntary lien that affects real property must be recorded in the land records. Involuntary liens attach to real property without the consent of the owner. Examples are judgment liens, income and property tax liens, municipal assessments, etc. Notice by mail or service by a sheriff is given to the delinquent or debtor when a creditor has commenced a court action to collect a debt. If a judgment lien was issued the debtor had notice of the hearing. Also, a property owner knows when they have defaulted on a mortgage. An owner knows when they haven't paid their income taxes or real estate taxes. They have received notice long before a lien is recorded. Any property owner in financial trouble can check the land records to see if any notices or liens have been recorded. Voluntary liens against real estate such as mortgages, conservation restrictions, timber rights, etc., must also be recorded in the land records.
What if someone bought you stocks and you didnt know about it?
You have assets, the rights, benefits accruing to you, and reponsbililties for which you would not even know exist, but still can be liable for.
The man who built it didnt want it The man who bought it didn't need it The man who used it didn't know it What was it?
A coffin.
Where did John A MacDonald go to university?
he didnt go to university or college, he bought an established lawyer and he taught him all the stuff he needed to know about goverment
What do pinon nuts grow?
Every 4 years.how would you know if you just bought a property
Is a property in Texas legally protected against all liens with a homestead?
No. Texas has one of the broadest homestead exemptions in the United States, but it's not protection against all liens. Mechanics' Liens for work done on the homestead, for example, are allowed, and the lienholder of a valid mechanics' lien can even force the sale of the property to pay the debt, as can the federal government for debts owed to it (such as income taxes).If you really need to know if the homestead exemption protects you from a particular type of lien, you should consult an attorney familiar with Texas law.
Can you sell house in ga with unrecorded quitclaim deed?
If the deed is unrecorded then you will remain the record owner and any liens or other encumbrances recorded against you will affect the property. The property will remain vulnerable to your creditors and the property taxes will be assessed against you. The world doesn't know the property has a new legal owner until the deed is recorded. If you die before the deed is recorded the deed may be deemed invalid in some jurisdictions. See related question link.If the deed is unrecorded then you will remain the record owner and any liens or other encumbrances recorded against you will affect the property. The property will remain vulnerable to your creditors and the property taxes will be assessed against you. The world doesn't know the property has a new legal owner until the deed is recorded. If you die before the deed is recorded the deed may be deemed invalid in some jurisdictions. See related question link.If the deed is unrecorded then you will remain the record owner and any liens or other encumbrances recorded against you will affect the property. The property will remain vulnerable to your creditors and the property taxes will be assessed against you. The world doesn't know the property has a new legal owner until the deed is recorded. If you die before the deed is recorded the deed may be deemed invalid in some jurisdictions. See related question link.If the deed is unrecorded then you will remain the record owner and any liens or other encumbrances recorded against you will affect the property. The property will remain vulnerable to your creditors and the property taxes will be assessed against you. The world doesn't know the property has a new legal owner until the deed is recorded. If you die before the deed is recorded the deed may be deemed invalid in some jurisdictions. See related question link.
What is net fair market value?
The fair market value is the price of a property that may be sold and bought. It assumes both buyer and seller know everything about the property.
If you sell your property and deliver a quitclaim deed at the closing can your creditor still record a lien against the property?
You have asked a somewhat complicated question.The following is general information only. You should consult with an attorney who can review your situation and explain your rights and options under your state laws.If you know you have creditors and transfer your property to a friend or family member for a nominal consideration the court can void that deed if the conveyance is determined to be a fraudulent conveyance in order to avoid creditors.If you sell the property and your creditor manages to record a lien before the buyer records their new deed, the property will be subject to the lien.If you have creditors and you decide to sell your property to a third party for fair market consideration before any liens are recorded, you will manage to elude your creditors as to their ability to take the property. As long as no liens have been recorded prior to the recording of the new deed the creditors will have missed their chance to record liens against the property.
What is the first step to finding out if i have inherited?
once a lawyer contacted me and said that we had been passed do some property i was to young and didnt know what to do however my mom was deceased and i knew know information
