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What is an involuntary lien against my property?
An involuntary lien would be a judgment lien by a creditor, a lien for unpaid property taxes or income taxes, a demolition lien, a lien for unpaid common expenses or homeowners association dues or a mechanic's lien. Contrast that with a lien you granted in your property such as a mortgage which would be a voluntary lien.
Is a mechanics lien voluntary or involuntary?
Involuntary. "a mechanic's lien is an involuntary, statutory, special lien, whereas a mortgage is a voluntary, equitable, special lien." source: http://www.realtown.com/words/lien ---------------------- Your welcome :)
Can a judgment lien be constructive or voluntary or general or specified. What?
A judgment lien is an involuntary lien.
When is a lien a good thing for a homeowner?
A lien means you owe someone money and they have a claim against your property until the debt is paid. A voluntary lien such as a mortgage can be considered a good thing since you initiated that lien process and benefitted from it by being able to purchase the property with a loan from the bank. Involuntary liens such as tax liens or judgment liens are not a good thing.
What is the proper response to a involuntary lien and what are the options to respond?
According to the definition of 'involuntary lien' on Answers.com: "Judgment lien, lien for unpaid taxes or special assessment by a municipality that attaches to a real property without consent of the owner, in contrast with a mortgage lien, which is voluntary." You can read more, below. An appropriate reaction is to contact the municipality -- or creditor that sent the notice -- that levied the lien, and work to clear up the debt. There may be a court judgment involved, in which case, you can find a copy of the judgment in your local courthouse.
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.
What does this property in a LIEN SOLD status mean?
There is a lien or was a lien on the property and the lien was sold to a 3rd party such as an attorney
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 the difference between a lien on property and lien on a person's name?
You have asked an interesting question. Briefly:There are numerous different types of liens in law. Some occur voluntarily when a property owner places their property as security for a loan. This type may be viewed as a lien against property.Some liens are involuntary such as when a plaintiff wins a judgment against another in a court of equity. The judgment is against the person and the successful plaintiff can request a judgment lien that can be used by the sheriff to attach and take possession of the defendant's property to satisfy the amount owed to the plaintiff. A judgment lien can be recorded in the land records to attach and take possession of real property.
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.
What is a legal document giving the lender a claim on the property if payment is not made?
That document would be a Notice of Claim of Lien. Liens can be filed for goods provided or services rendered but not paid for.AnswerA judgment lien, a real estate tax taking, liens for unpaid municipal services such as demolition liens or health hazard clean-ups, special assessment liens such as sewer liens and income tax liens are all forms of involuntary liens. Involuntary liens are those created without the consent of the property owner.
What does a lien on a home mean?
It means that someone who you likely owe money to has gone to a government office and had alien put on you. That means whateverpiece of property they put the lien on, if it was a car per say, if it was totaled and the insurance paid it, then the lien-holder (the person who put the lien on you) would get the amount of the lien from the insurance before you got the rest of the check.
