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You will have to pay off the lien at the time you sell the home you live in. If you apply for a loan based on the house as collateral, then the lien will be taken into consideration.
I am not sure if your mortgage company is going to recognize the lien as being in first place should you also default on this home, or if there will be other issues with them.
What else can I help you with?
Can you get a lien on your Homesteaded property in Florida?
Yes, you can get a lien on your homesteaded property in Florida. A court will put a lien on the property if money is owed in a judgement.
Can animal control put a lien in the property?
what do you mean by property? But a lien can go in animal control.
Can a subcontractor hire another subcontractor and put a lien on property if second subcontractor is replaced even with a signed contract?
A subcontractor can hire another subcontractor but can only put a lien on the property if the original subcontractor isn't paid. The lien can also be placed if the second subcontractor was not paid because of the original subcontractor was not paid. The replacement of the second subcontractor is not grounds for a lien.
What happens if land has outstanding taxes owed on it?
The taxing entity can place a lien on the property or it can be put up for auction at a public sale.
When a customer dies can a lien be put on the estate of the deceased in the state of Maine for work completed on the property?
The lien goes on the property, not the estate. But the estate must resolve the lien when disposing of the property.
Where can you get a form for putting a utility lien on property?
You can get a form for a court lien from the court in your county. You could also get one from an attorney in order to put a lien on the property.
Can creditors put a lien on a deceased property if there is no will?
The existence of a will has no bearing on whether or not they can place a lien. If they have a legitimate debt and a judgment, or an agreement in the loan regarding a lien, they can place the lien on the property or the estate.
Can a lien be put on your property for a tax judgment?
Yes.
How do you put a lien on a piece of property?
with a rula stupid
Can the police seize my property if I put a lien against it first?
Police seizure is not affected by a lien put on the property by anyone as long as they follow the due course of law.
What happens to the mortgage loan when bought on a tax deed sale who is responsible or will the bank put a lien on the property?
A mortgage IS a lien on the property. The bank already has an interest in the property that was perfected as soon as the mortgage was recorded in the land records. If you purchase property that is subject to a mortgage, the mortgage must be paid or the bank will take possession of the property by foreclosure.
What is a non-consensual lien?
If you take out a loan from the bank and put your car up as collateral, this is a consensual lien. If you owe taxes and the IRS put a lien on your property or bank account, this is a non-consensual lien.
