To effectively pay off a lien on your property, you should first determine the amount owed and contact the lienholder to arrange payment. You may need to negotiate a payment plan or seek assistance from a financial advisor. Once the lien is paid off, ensure you receive a release of lien document to clear the title of your property.
No, you cannot "Transfer" the loan. But you can take out a loan on the other property and use it to pay off the first.
If the property is jointly titled it would have to be retitled according to state statutes. If a lien has been placed against the property the property cannot be retitled, sold, or refinanced until the lien is satisfied.
The creditor can seek a court judgment and if successful can record a lien against the debtor's property. The lien must be paid before the property can be refinanced or sold. The creditor can also file a claim against the debtor's estate.
untill you pay it off
When they get out of jail for selling property with a lien on it, and after YOU pay off the loan, you might consider NOT co-siging again.
NO! BANK LIEN-PAY IT OFF. MECHANICS LIEN-PAY IT OFF. autolienservice.com
Pay off the lien.Pay off the lien.Pay off the lien.Pay off the lien.
You must pay off the lien and record a release in the land records.You must pay off the lien and record a release in the land records.You must pay off the lien and record a release in the land records.You must pay off the lien and record a release in the land records.
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.
This may vary by state. If the lien is placed against YOU, that being your wages, then it does not affect the property and it will have a clean title. If they file for a lien against your property, though, you will be required to pay off the lien before selling the property. I'd advise that you don't let the debt collector find out you have the property if you plan on selling it.
If there is an existing lien on your property you can transfer the property to a new owner but the land is still subject to the lien. The new owner would have to pay the lien. Take care if the lien is a mortgage. In most cases the transfer of a property encumbered by a mortgage will trigger an immediate demand to pay off the mortgage. A property tax lien for delinquent taxes gives the town legal title to the property. You should also make sure your grantee is aware of the lien as it may have a detrimental affect on their use, enjoyment or continued possession of the property. Especially if a title examination will not be performed.
a lien lasts against real property for 10 years and remains a personal debt against the person for 20 years, in most states. if you wish to pay off a lien, that can be done very quickly. if you wish to pay off a lien, what you must do is request a payoff letter from the cerditor or holder of the lien, then pay that sum to them, and get a satisfaction of lien, or release of lien from the creditor to file with the county clerk as soon as possible
Generally yes, if you qualify as to your ability to pay and your credit score and if there is equity in the property.
A lien is a security interest in the property. A lien might arise from a loan. If you buy a car with the bank's money the bank will put a lien on the car. If you don't pay the bank back, it can foreclose on its lien and take the car from you. If you have a roofer add a new roof to your house, and you don't pay him, the laws allow the roofer to put a lien on your house. The roofer now has a stake in the house. If you don't pay off the lien your house can be forcibly put up for sale in order to satisfy the lien. I believe "property and tenets" translates into modern speak as "property and belongings".
You must pay off the lien. A vehicle with a lien on it cannot be vended (sold) legally. There is no way to transfer a title as the motor vehicle folks will know that a hold (the lien) has been placed on it.
The property is subject to a lien. The question isn't whether you can sell it. The problem is that the buyer won't buy the property as long as there's a lien on it. Your attorney will need to negotiate a partial release or a full release with the lienholder if you will pay off the lien, or half of the lien, out of the proceeds from the sale of the 20 acres. If you don't pay the lien in full and the lienholder agrees to a partial payment then the lien will still be an encumbrance on your remaining property.
Tax sale property has a quit claim deed. Any liens on the property, mortgages, from the previous owner will remain on the property. You would be responsible to pay off the lien or the lien holder would foreclose.