Interest on a judgment lien is set by state statute. If you don't have an attorney perhaps the court that issued the judgment could help you figure out the interest due you on your lien at payoff time. The interest rate in Massachusetts is 12%.
Real estate tax lien
If the lien demands the payment of money only, and you offer to pay the lien in full (including any interest and costs allowed by law), the lien claimant must release the lien upon such payment. Otherwise, the lien is a slander of title, and you will need to see a real estate attorney.
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.
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A real estate lien creates a secured debt by providing the lender or creditor holding the lien with a security interest in your property. Although your mortgage lender attaches a lien to your home as a matter of course, any other real estate liens that attach to the property do so because of debts you left unpaid. In certain situations, property liens can result in foreclosure.
A lawyer can place a lien against your real estate after they have sued you in court and won. The court then issues a judgment lien and the lien is recorded in the land records. The property cannot be sold or mortgaged until the lien is paid.
No, not exactly
Yes, they can place a lien on real estate. That may mean they get nothing if the individual dies, because they can only lien on the rights of that individual.
The lien can be reported to a credit reporting agency.
When property taxes go unpaid, the city holds an annual auction offering individuals looking to buy investment property to purchases as many tax liens as they want. When you purchase a lien, you are not fully purchasing the property. You just paying the property owner's taxes and getting the lien certificate.If the property owner will not pay the tax within the given time, then lien holder can foreclose on the property. If you want to know how to buy tax lien properties visit realestatetaxliennetwork.com
Yes. A foreclosure of a senior lien will eliminate your interest. I suggest you see a real estate attorney right away if you are facing such a situation (see the phone book for lawyers who offer "free consultations").
A judgment lien lasts for 20 years in Massachusetts. However, when recorded in the land records so as to affect real estate the lien must be rerecorded every six years in order to remain effective against the real estate.