How long do you have to lien a property?

Answer 1

Until the debt is paid in full, or if the creditor decides not to renew. A lien in some states can last for 20 years before it needs to be reinstated. Check your state statutes, or with the recorder of real estate office where the lien was granted.

Answer 2

Check the language on the actual judgment lien issued by the court. Many judgments are good for twenty years, however, they must be recorded in the land records office periodically to keep them effective as of record. That is extremely important in the case of a debtor who doesn't pay and who hangs on to their property for a long time. If the lien is kept current they cannot mortgage or sell their property until the lien is paid.

Answer 3

Some liens expire after a certain period if they are not paid and different categories of property liens have different statutes of limitations.

For example, in Massachusetts a mortgage expires after 35 years unless brought forward in the Registry of Deeds by a recorded extension. An attachment/execution expires after 6 years unless brought forward for another six years by a recorded extension. A federal tax lien expires after 10 years (+30 days?) unless brought forward by a recorded extension. A real estate tax lien never expires.

If your property is subject to liens they must be paid off before the property can be sold or mortgaged.

Answer 4

It usually takes a couple weeks to file and put a lien on a property. It depends on how busy the court is when considering these cases.

Answer 5

It depends on your state laws and the type of lien. Different types of liens have different statutes of limitations.

Answer 6

A lien lasts until it is paid and a release is recorded or until it expires by operation of law.

Answer 7

There are different statutes of limitations for different types of liens. Those time limits are set by state laws and vary from state to state. Federal tax liens last ten years plus.

Answer 8

Until the lien is settled. That is done by paying the lien amount to the party that placed it. That clears the title for the property.

Answer 9

usually 7 years

Answer 10

how long does a lien last?