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A common example of a voluntary lien is a mortgage. When a homeowner borrows money from a bank to purchase a property, they agree to give the lender a lien on the property as collateral for the loan. This means that if the homeowner fails to make payments, the lender has the right to foreclose on the property to recover the owed amount. Other examples include car loans and home equity lines of credit, where the borrower voluntarily secures the loan with the respective asset.
What else can I help you with?
Can one property have more than one lien against it?
The liens must be paid before the property can be transferred.The liens must be paid before the property can be transferred.The liens must be paid before the property can be transferred.The liens must be paid before the property can be transferred.
What is a example of voluntary muscles?
The biceps is an example of a voluntary muscle.
Does a tax lien stay on property forever?
A tax lien does not stay with property, it follows the person. (State and Federal Tax Liens) Other types follow the property....Abstracts of Judgment, Mechanics Liens.....also voluntary liens such as Deeds of Trust, those follow the property as well.
Can property liens go away after filing bankruptcy?
Liens, either involuntary or voluntary cannot be discharged in BK, there are there to stay. However, it can be possible to AVOID a lien, depending on the value of the lien, value of the property affected, and the exemption amount for that property. Such a procedure is too complicated to discuss here.
How long after you have a voluntary repo can the lender hold you responsible for the remaining balance in South Carolina?
== == I know they can't garnish your wages but not sure about liens.
Are the muscles in the hand voluntary or involuntary?
Voluntary .. you make the choice to for example get a soda can .. blinking, breathing are involuntary you don't have to think about it
Which muscle tissue can be both voluntary and involuntary use an example?
Which muscle tissue can be both voluntary and involuntary use an example?
What is an example of a voluntary action?
walking
What is a voluntary muscle?
Voluntary muscle is the one we can control. For example, the skeletal muscle.
When is a lien a good thing for a homeowner?
A lien means you owe someone money and they have a claim against your property until the debt is paid. A voluntary lien such as a mortgage can be considered a good thing since you initiated that lien process and benefitted from it by being able to purchase the property with a loan from the bank. Involuntary liens such as tax liens or judgment liens are not a good thing.
Can you give me an example for a voluntary muscle?
skeletal muscle is a good example.
What is an example of an action that is not voluntary?
your heart beating
