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An administrative lien is a legal claim placed by a government agency on a property or asset to secure payment for debts owed to the agency, such as unpaid taxes, fines, or fees. This lien gives the agency the right to collect the owed amount, often through the sale of the property if the debt remains unpaid. Administrative liens can affect the property's title and may hinder the owner's ability to sell or refinance the asset until the lien is resolved.
What else can I help you with?
Is Illinois a lien or a title theory state?
Indiana is a lien theory state.Indiana is a lien theory state.Indiana is a lien theory state.Indiana is a lien theory state.
Can you have a lien put on someones own home if they owe monies from another job site?
Mechanic's lien- no.Mechanic's lien- no.Mechanic's lien- no.Mechanic's lien- no.
What is the difference between a transfer of lien and release of lien?
A transfer of lien assigns the lien claimant's position in the lien to another party. A release of lien discharges the lien and makes it not appear on a title policy issued for the property.
Can a junior lien supersede a senior lien?
A junior lien can supersede a senior lien only if the senior lienor subordinated their lien in writing and recorded in the land records.A junior lien can supersede a senior lien only if the senior lienor subordinated their lien in writing and recorded in the land records.A junior lien can supersede a senior lien only if the senior lienor subordinated their lien in writing and recorded in the land records.A junior lien can supersede a senior lien only if the senior lienor subordinated their lien in writing and recorded in the land records.
What is an involuntary lien against my property?
An involuntary lien would be a judgment lien by a creditor, a lien for unpaid property taxes or income taxes, a demolition lien, a lien for unpaid common expenses or homeowners association dues or a mechanic's lien. Contrast that with a lien you granted in your property such as a mortgage which would be a voluntary lien.
How do you spell lien?
lien
what is this lien for?
what is this tax lien for
IS THERE A LIEN ON IT?
is there a lien on this car
Is an assignee a lien holder?
An assignee of a lien is the new lien holder.
What does this property in a LIEN SOLD status mean?
There is a lien or was a lien on the property and the lien was sold to a 3rd party such as an attorney
How much does it cost to put a lien on a business?
The cost to put a lien on a business varies by state and the specific type of lien being filed, but it generally ranges from $50 to several hundred dollars in filing fees. Additional costs may include attorney fees, if legal assistance is required, and any associated administrative costs. It's important to check with local government offices or legal advisors for precise fees and requirements in your jurisdiction.
Can a lien on a home be transferred to heir?
The lien isn't transferred to the heir- it remains a lien on the inherited real estate, which cannot be sold or refinanced until the lien is paid.The lien isn't transferred to the heir- it remains a lien on the inherited real estate, which cannot be sold or refinanced until the lien is paid.The lien isn't transferred to the heir- it remains a lien on the inherited real estate, which cannot be sold or refinanced until the lien is paid.The lien isn't transferred to the heir- it remains a lien on the inherited real estate, which cannot be sold or refinanced until the lien is paid.
