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One agreed upon at the time of the loan. A second is a consentual lean on your home. You know up front that it will be satisfied that way if unpaid.

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15y ago

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Related Questions

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.


What is a non-consensual?

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.


What is a consensual lien against a homeower?

A mortage!!! Interesting that there is no such word as a "homeower." However, the bank in essence owns my home and I OWE on it.....


How do you put a lien on a debtor's property in California?

This is only possible if the owner must honor a debt to the lien holder. In the state of California court can demand the owner pay the other person and placeva lien to assure they follow through.


What does consensual decision-making mean?

what does consensual decision making mean


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.


Do otters engage in non-consensual mating with seals?

No, otters do not engage in non-consensual mating with seals.


How do you spell lien?

lien

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