answersLogoWhite

0

Depends upon the wording of the law in your particular state but usually, no. The seized property itself is the collateral for the amount owed - and in most cases is (or should be) worth more than the amount of "mechanics" lien.

User Avatar

Wiki User

16y ago

What else can I help you with?

Related Questions

When a city places a lien on property can the city charge interest on the lien amount?

In most cases, yes.


If you place a mechanics lien on someones property can you add on interest?

Yes, when you place a mechanics lien on someone's property, you can typically include interest on the amount owed, provided that the underlying agreement or contract allows for it. The interest calculation should follow the terms specified in the contract or any applicable state laws regarding mechanics liens. It's important to check local regulations, as they may have specific requirements for interest rates and how they can be applied.


How do you file a mechanics lien in Illinois?

Try the link below for filing a mechanics lien in Illinois.


What is an express mechanics lien?

An express mechanics lien is a legal claim against a property that ensures payment for labor or materials provided during construction or renovation. It is typically filed by contractors, subcontractors, or suppliers who have not been paid for their work. This lien gives them a secure interest in the property, allowing them to seek payment through foreclosure if necessary. The express mechanics lien must be properly executed and filed within specific time frames to be enforceable.


How can you have the title but there is still a lien against the car?

Could be a mechanics lien.


How do you do a mechanics lien?

any lien is challengable in superior court or small claims, depending on amount of lien.


Can the IRS put a lien on your home if your spouse owe and is on the deen only?

The IRS can put a lien on your home for past due child support and they will even charge interest.


If you buy a car with a lien on it will the lien come off?

NO! BANK LIEN-PAY IT OFF. MECHANICS LIEN-PAY IT OFF. autolienservice.com


In Minnesota does a mechanics lien supersede a first lien holder?

A first lien holder is usually the lender or mortgage holder. Mechanics or Construction Liens do not supercede any lien placed before them or mortgage recorded after the lien is filed. In Minnesota mechanics liens are only enforceable for one year after the last day of service. Any lien holder, regardless of where they are in priority, can file to enforce their lien at anytime during that one year period.


Can you File Mechanics Lien for unpaid auto repairs in PA?

No, you need to file a repairmans lien.


How do you find out who has a lien on your vehicle?

Go to the DMV (Department of Motor Vehicles) and have them run a lien check on the vehicle. WHAT DO YOU MEAN; BANK LIEN OR MECHANICS LIEN? autolienservice.com


How do you file a mechanics lien in Mississippi?

To file a mechanics lien in Mississippi one will need to go to the courthouse and file the paperwork. An attorney can be hired to file all the paperwork for you.