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If you take out a loan from the bank and put your car up as collateral, this is a consensual lien. If you owe taxes and the IRS put a lien on your property or bank account, this is a non-consensual lien.

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17y ago

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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.


How can I obtain a lien release from a bank?

To obtain a lien release from a bank, you typically need to pay off the loan or debt that the lien is attached to. Once the debt is cleared, the bank will issue a lien release document confirming that the lien has been lifted. You can request this document directly from the bank or financial institution that placed the lien.


Can you garnish your daughter's wages on a cosigned loan?

You would need to sue her in court and obtain a judgment lien. You could use that judgment lien to garnish her wages.You would need to sue her in court and obtain a judgment lien. You could use that judgment lien to garnish her wages.You would need to sue her in court and obtain a judgment lien. You could use that judgment lien to garnish her wages.You would need to sue her in court and obtain a judgment lien. You could use that judgment lien to garnish her wages.


What is the process for obtaining a lien letter for a car?

To obtain a lien letter for a car, you need to contact the lender who holds the lien on the vehicle. Request a lien release letter from them, which confirms that the loan has been paid off and the lien has been removed. This letter is important for transferring ownership of the car.


What happens to the lien on car when the company no longer exists?

If the company holding a lien on a car ceases to exist, its assets are usually bought up or inherited by another company. A lien is an asset, so the lien continues to exist and you pay the money to the new owner. If the lien is held by one company but the car manufacturer ceases to exist, the lien stays the same.

Related Questions

Is Illinois a lien or a title theory state?

Indiana is a lien theory state.Indiana is a lien theory state.Indiana is a lien theory state.Indiana is a lien theory state.


Can you have a lien put on someones own home if they owe monies from another job site?

Mechanic's lien- no.Mechanic's lien- no.Mechanic's lien- no.Mechanic's lien- no.


What is the difference between a transfer of lien and release of lien?

A transfer of lien assigns the lien claimant's position in the lien to another party. A release of lien discharges the lien and makes it not appear on a title policy issued for the property.


Can a junior lien supersede a senior lien?

A junior lien can supersede a senior lien only if the senior lienor subordinated their lien in writing and recorded in the land records.A junior lien can supersede a senior lien only if the senior lienor subordinated their lien in writing and recorded in the land records.A junior lien can supersede a senior lien only if the senior lienor subordinated their lien in writing and recorded in the land records.A junior lien can supersede a senior lien only if the senior lienor subordinated their lien in writing and recorded in the land records.


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.


How do you spell lien?

lien


what is this lien for?

what is this tax lien for


IS THERE A LIEN ON IT?

is there a lien on this car


Is an assignee a lien holder?

An assignee of a lien is the new lien holder.


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 a lien on a home be transferred to heir?

The lien isn't transferred to the heir- it remains a lien on the inherited real estate, which cannot be sold or refinanced until the lien is paid.The lien isn't transferred to the heir- it remains a lien on the inherited real estate, which cannot be sold or refinanced until the lien is paid.The lien isn't transferred to the heir- it remains a lien on the inherited real estate, which cannot be sold or refinanced until the lien is paid.The lien isn't transferred to the heir- it remains a lien on the inherited real estate, which cannot be sold or refinanced until the lien is paid.


What is a Lien Fee?

The lien fee is the amount charged to record the lien. This amount will vary per state. To learn how much it is to record a lien call the Clerk of Court or Registrar's Office. If you use a lien service to file the lien then their fees would be the lien fee.