0
Most times the lender who held the lien, will send a "Satisfaction of Lien" paper with your paid papers. The cover letter tells you that this paper needs to be filed with county records. They mail the paper to you so that you will pay the filing fee.
Now most mortgage lenders will file the "Satisfaction" as they included the fee in the payoff amount needed. Since they were paid the fee, they will in turn mail the original to the county where it was filed and the county will in turn mail you the "Satisfaction" paper when they are done. Usually takes 30 days or so.
If you are finding a lien on your title that should have been taken care of- either you or the attorney that is working your file should call the lender to get a "Satisfaction of Lien" mailed to you or the attorney so you can get if filed at the county.
What else can I help you with?
How can I effectively pay off a lien on my property?
To effectively pay off a lien on your property, you should first determine the amount owed and contact the lienholder to arrange payment. You may need to negotiate a payment plan or seek assistance from a financial advisor. Once the lien is paid off, ensure you receive a release of lien document to clear the title of your property.
How can I obtain a lien release for my property?
To obtain a lien release for your property, you need to contact the entity that placed the lien on your property and request a release once the lien has been paid off. This typically involves submitting a formal request and providing proof of payment.
Can you sell dirt off property with a tax lien on it?
YEP!
Can a seller transfer a deed to the buyer if a federal tax lien is against the property and can the property be settled?
NO. You cannot transfer the ownership of the property UNTIL the lien is paid off, in full.
Lien filed against you but no property If you now purchase property will the lien have to be satisfied whenif you sell it?
This may vary by state. If the lien is placed against YOU, that being your wages, then it does not affect the property and it will have a clean title. If they file for a lien against your property, though, you will be required to pay off the lien before selling the property. I'd advise that you don't let the debt collector find out you have the property if you plan on selling it.
What are the repercussions of having a lien on your property?
Your property cannot be sold or mortgaged until the lien is paid. If the lien is substantial the creditor can force a sale of the property. If the lien is for property taxes the town can get a court order, take possession of and sell the property. You should also be aware that interest begins to add up on any judgment lien until it is paid off. The debt will grow larger.
Can a car be taken to pay off credit card debt?
Yes. A car can be taken for a credit card debt if the creditor sues you in court, is successful and obtains a judgment lien. The creditor can use that judgment lien to take any property you own including your home and your car and your bank account.
What is the purpose of a lien being placed against real property?
A lien prevents the property from being sold without paying off the creditor. After a certain period of time, it is possible to foreclose on the property, sell it, and collect the amount of the lien, the balance going to the property owner or other creditors.
Who files papers with the court house to take a lien off a property after a bankruptcy court discharges what you owe on the lien?
Your bankruptcy lawyer.
Can you sell off acreage if it is on a lien I own 40 acres the house is on 20 acres and the other 20 acres is plotted ready to sell can I sell off the 20 acres?
The property is subject to a lien. The question isn't whether you can sell it. The problem is that the buyer won't buy the property as long as there's a lien on it. Your attorney will need to negotiate a partial release or a full release with the lienholder if you will pay off the lien, or half of the lien, out of the proceeds from the sale of the 20 acres. If you don't pay the lien in full and the lienholder agrees to a partial payment then the lien will still be an encumbrance on your remaining property.
Can a lien hinder the transfer of land title?
If there is an existing lien on your property you can transfer the property to a new owner but the land is still subject to the lien. The new owner would have to pay the lien. Take care if the lien is a mortgage. In most cases the transfer of a property encumbered by a mortgage will trigger an immediate demand to pay off the mortgage. A property tax lien for delinquent taxes gives the town legal title to the property. You should also make sure your grantee is aware of the lien as it may have a detrimental affect on their use, enjoyment or continued possession of the property. Especially if a title examination will not be performed.
How long does a lien stay on a property in Ga.?
If the credit card company who put the lien on your property won a lawsuit - making it a judgement, then the charges never go away. When you sell the property, the first monies you get will go to them.
