It means the property the lien is against, cannot be sold, refinanced or transferred in any way until the amount owed is paid in full. In theory when a lien is placed against real property a forced sale can be made. However, several states have laws that disallow the forced sale of a homestead. There are also legal remedies a property owner has available to prevent a forced sale.
If you have a judgment against you, it means a court has ruled in favor of the other party in a legal dispute. This could result in various consequences, such as having to pay a monetary amount, having a lien placed on your property, or facing other legal actions to enforce the judgment.
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A sheriff's sale is a sale which is held when property is seized as the result of a judgment against someone. The property is held by the sheriff and can be sold after notice is given to the public.
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Unpaid property taxes in Florida result in sales of Tax certificates. I have found that the liability is against the property and unpaid taxes are satisfied by a lien against the property. I can't find anywhere the answer as to whether the Taxpayer is not reported to the credit bureau. it seems to me that since counties get the money a different way (investor in the tax certificate) they are not at loss and because the liability is against the property, the owner of the property's credit is not affected? Can someone confirm? Tx CB, Ormond Beach, FL
While any judgment can attach against real property, only a judgment and decree of foreclosure can result in the foreclosure of real property. Decrees of foreclosure are only added to judgments as a result of non-payment of a mortgage or deed of trust, or other security instrument.
A property of fluids that causes them to resist flowing as a result of internal friction from the fluid’s molecules moving against each other.
Property taxes do not override the deed to a house, but they can create a lien against the property. If property taxes remain unpaid, the government may have the right to foreclose on the property, potentially leading to its sale to recover the owed taxes. Therefore, while the ownership deed remains valid, failure to pay property taxes can result in significant consequences for the property owner.
Banning someone from a property can have legal implications related to trespassing laws and property rights. The property owner has the right to control who is allowed on their property, but they must follow legal procedures and not discriminate against individuals based on protected characteristics. Violating a ban can result in legal consequences such as fines or even criminal charges.
Yes, it could. The property would be considered a part of his estate. A lien could be put against it.
Typical title defects result from liens and encumbrances on a property related to unpaid taxes, land use and zoning restrictions, unsettled contractor disputes for work done on the property, and unrecorded deeds.
Solubility