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What else can I help you with?
Is a lien the same as a loan?
No, a lien is not the same as a loan. A lien is a legal claim on an asset as security for a debt, while a loan is money borrowed from a lender that must be repaid with interest.
What is the bankers' lien?
The mortgage holder's lien which is considered a secured, priority claim.
What is an agricultural lien?
An agricultural lien is a statutory lien - legal claim - which protects the seller of farming equipment by giving the seller a lien on crops grown with the equipment.
What is a mortgage lien?
Mortgage Lien - Is a legal claim against a mortgaged property that must be paid or assumed when the property is sold. The person who has the lien on the property can claim the property if the loan defaults. The mortage lien typically belongs to the lender in order to secure the mortgage loan.
What is a claim on the property or income of a barrower called?
A lien.
What is a homophone for lean?
A homophone for "lean" is "lien," which is a legal term meaning a claim or right to property.
What is a Claim of Lien in Florida?
A Claim of Lien is a formal and recorded notice that a lien has been placed on property. In Florida, if the lien results from improvement made to a personal residence the lienor may take action to enforce the lien, which can include foreclosure on your home and a forced sale on the court house steps. A construction lien "expires" or becomes unenforceable 365 days after it was recorded. If you receive a Claim of Lien take it very seriously, do not ignore it, speak to a Florida attorney with proficiency in construction law.
Can you quit claim a home with a lien?
Fill out the quit claim deed. It will not relieve you of your responsibility for the lien and it takes away all of your rights in the property. In most cases the lien will have to be satisfied before the transfer can be completed and any change of ownership recorded.
Can a insurance audjuster put a lien on your claim?
no, if they try to sue them.
What are the lien holder's right's if the customer is deceased in TX?
They can still enforce the lien. They may have to file a claim against the estate.
Can you file a mechanics lien if the person is now deceased?
Yes, you can file a lien against the property. The estate will have to clear the claim.
Is a loan considered a lien?
Yes, a loan can be considered a lien if the lender has a legal claim on the borrower's property as collateral for the loan.
