Yes. The lien created by using your home as security for a loan is called a mortgage.
If the vehicle was put as collateral for the loan, there already is a lien on it.
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.
You can put 'a lien' on a home in The Bahamas.
No, if it is your debt only and your name is not on the car. Unless you used the car for collateral for a loan, they can't put a "lien" on it anyway.
If a foreclosure is necessary for a 2nd home, will a lien be put on the first home?
A lien is usually created on something when someone has used that something as collateral. Ex. A house that has been paid off can have a lien placed on it by taking a out a home equity loan. The house is now used as colateral. The lien is placed by the loan institution. Hope this helps.
Yes. The lien will be enforced when the home is sold.
Yes, a lien is put on your home because you have liability and it doesn't matter whether you have mortgage or not.
If you offered it as collateral yes but your lienholder will not be happy
If the car is put up as collateral for a loan, and that loan is not repaid according to the written agreement then a lien will be placed on the title. If you sell the vehicle the lien holder will be paid first before you are able to put any money into your pocket. Never use your car as collateral for any loans ... cars lose their values and soon enough the lien (loan) will be more than the car is worth. The lien still has to be paid off when it's sold, even if the lien amount exceeds the price the car is sold for.
In most states the answer is no, they cannot put a lien on your home. They can however garnishee your wages. what is the law in tn
I can only assume you are asking how can someone put a lien on a home in Canada? The owner of the home would have to owe you or the government a lot of money before you could put a lien on their home and even if it was a private affair I'm not 100% sure a private party can put a lien on someone's home. It's usually banks and or money owed to governments who put liens on a persons home.