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Is a loan considered a lien?
Yes, a loan can be considered a lien if the lender has a legal claim on the borrower's property as collateral for the loan.
Is a home equity loan considered a lien?
Yes
What type of insurance is needed when you have a lien or loan on your car?
comprehensive coverage
Is a land loan considered a type of mortgage?
Yes, a land loan is considered a type of mortgage.
What is the difference between a lien and a mortgage?
A lien is a legal claim on a property to secure a debt, while a mortgage is a type of loan used to purchase a property, with the property itself serving as collateral for the loan.
Is a loan considered a lien?
Yes, a loan can be considered a lien if the lender has a legal claim on the borrower's property as collateral for the loan.
Is a home equity loan considered a lien?
Yes
What type of insurance is needed when you have a lien or loan on your car?
comprehensive coverage
What type of insurance is needed when you have a lien or loan your car?
comprehensive coverage
What type of insurance is need when you have lien or loan on a car?
comprehensive coverage
Is a land loan considered a type of mortgage?
Yes, a land loan is considered a type of mortgage.
What is the difference between a lien and a mortgage?
A lien is a legal claim on a property to secure a debt, while a mortgage is a type of loan used to purchase a property, with the property itself serving as collateral for the loan.
Why would a bank give an auto loan without requiring a lien?
This would not be considered an auto loan by the lender. This would be considered a 'signature' loan. If you have good enough credit and a good relationship with your bank, they will loan you money without collateral.
How to get mortgage with tax lien on credit report?
This can be difficult. There are many considerations. What type of tax lien is it? How old is the lien? How large is the lien amount? If the lien has the potential to jeopardize the security of the loan, then you most likely will need to take care of the lien first.
Is a lien the same as a loan?
No, a lien is not the same as a loan. A lien is a legal claim on an asset as security for a debt, while a loan is money borrowed from a lender that must be repaid with interest.
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 a loan company put a lien on your car if its not paid off?
If the vehicle was put as collateral for the loan, there already is a lien on it.
