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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%.
What else can I help you with?
What type of lien does not have to be recorded to be valid?
Real estate tax lien
Can payment be refused for a real estate lien to keep the lien active?
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.
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.
Which of the following is a lien on real estate?
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When can a lien lead to foreclosure?
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.
When can a lawyer place a lien against your real estate?
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.
Can a hospital place a lien on real estate in Texas?
No, not exactly
Can creditors put a lien on a house that is in a life estate?
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.
Does a real estate lien from an HOA affect your personal credit?
The lien can be reported to a credit reporting agency.
What is a lien on real estate?
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
If your lien is in third position and the house goes through foreclosure do you lose your lien rights?
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").
What is the Massachusetts tax lien expiration period?
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.
