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Liens
The right of a creditor to sell collateral property when a debtor defaults on their loan
2,139 Questions
Can your mother Quitclaim her house to you if there is a judgment lien against the property?
No. The property cannot be transferred, sold nor refinanced until the judgment lien is paid/settled or the judgment holder consents to the act.
In California, we see people do it all the time. They file a Quit Claim, and transfer title to the property to someone else. They do not realize, however, that the lien is still on the property. So, if your mother quit claims her house to you, when YOU go to sell it, you will have to pay your mother's judgment. Or, the judgment holder may come after the property with a Quiet Title action. When they prevail with that, then they will do an action to partition the property, and it will be sold.
If a judgment lien against a home is never collected against does it ever come off?
i can only speak for new york, but i am sure most states are similar...in NY a judgment is enforceable against real property for 10 years...it remains an individual debt for 20 years...it all depends on the statute in your particular state...my suggestion...call a nationally recognized title company in your area and speak with a title officer...the only thing that makes a judgment go away is a document called a Release or Satisfaction
What does a contractor need to file a lien in Iowa?
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Dan here,
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What is involved in rewiring a house?
If you want to rewire your whole house, be ready for some work. You cannot do the main panel and service yourself, but you can do all the branch circuits from the main (possibly. Check your local code.) Follow these easy steps:
- Get an estimate from an electrician. He will tell you what needs to be done and how much he will charge to do it.
- Ask him how much to just upgrade the main panel and service, leaving the branch circuits alone. You'll need this number if you decide to do it yourself. This is also a good time to talk to him about if it is legal for you to handle your branch circuits.
- Go to your home improvement store and buy a book. This is a big job. A big job. Read up on how to do it. If you do do it yourself, you will need this book when you have no power and can't ask us questions over your computer.
- Think. Are you qualified and comfortable to do this? What all do you have to do? How long will it take? How long will I be without power? Go to the home center and price out parts, get an idea of how much you will have to spend. Are you saving a significant amount by doing it yourself? Remember, electricity can be fatal, and it may be fatal to you! Do you trust yourself? If not, call the electrician back and have him do it.
Since you are still reading I'll assume you're going for it, well
- Buy that book if you haven't already. Trust me, you'll want it.
- Buy some source of alternative power. Generators are good, I usually go with a 400W power inverter for my vehicle to run drop/flood lights and small power tools when the main is off. Handy for road trips, too.
- Call the electrician back and schedule him to upgrade your service and main panel. This must be inspected and done by a licenced electrician, so you cannot do this yourself. (Nor should you. You don't want to make a mistake with 200A lines.)
- You may want to start on some branch circuits now, so the new wire is ready to go when the new panel is in. It is a good idea to do some before the power is shut off, especially if you are moving the main panel and cannot temporarily wire the old lines into the new box.
That's about the scope of this. As for wiring branch circuits, please use the right gauge wire. Check your book, which you are going to buy. Right?
Answer for USA, Canada and countries running a 60 Hz supply service.As the first person already said, you're going to want to buy BOOK(S) on the topic and read them. However, if you're like me, who doesn't like to read, then you won't even buy the books. Here's a little info that I hope will help. Most of the time, residential wiring is is 12/2......12 referring to the size and 2 to the number of conductors. They'll come in a yellow sheathing, you want to look for the one that reads "12/2 w/gnd. Get the ones that come in 250 ft. Now, the black wire is the "HOT", white is your "NEUTRAL", and the bare copper wire is your "GROUND". All outlets are now "POLARIZED", your plug will only fit one way. Your GROUND and NEUTRAL wires will ALWAYS wire to the same side of the outlet, and your HOT on the other. If this is not the case, then go by color of screws, gold=black/hot silver=white/neutral green=ALWAYS your ground/bare copper wire. If your adding completely new circuits in your home, just put the new one next to the existing. Cut out your boxes, fish the fish tape from attic down to the cut-out and pull the romex up, this is usually done to the "home run", the cable that will bring power from your panel to that specific room (make sure you leave slack in the attic to go to your indoor panel, loop the romex in the panel 1 time, this will give you plenty to work with). Next cut a strip of drywall across about 10" wide about 1' above ground all around your room. Then, use 3/4 spade bit, drill center of studs. Run your romex from "home run" to the rest. To make it easier on yourself, you can leave the switch for the end, from the last plug go up, hit the switch box and then your light. And that's it, you've installed one new circuit and you didn't even have mess with the old one. Go do that 100 more times to the other rooms. Once done, all the "homeruns" that you'll have in your attic, drop those down to the panel in your garage, or where ever you have it, always tie in your ground wires first, then your neutrals and finally your black wires to the breakers, you can leave the rest to a pro. That's it!!!(P.S. maybe you SHOULD buy the book, that way you'll know how to wire a plug and switch 3&4 way.)
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As always, if you are in doubt about what to do, the best advice anyone should give you is to call a licensed electrician to advise what work is needed. Before you do any work yourself,
on electrical circuits, equipment or appliances,
always use a test meter to ensure the circuit is, in fact, de-energized.
IF YOU ARE NOT ALREADY SURE YOU CAN DO THIS JOB
SAFELY AND COMPETENTLY
REFER THIS WORK TO QUALIFIED PROFESSIONALS.
How do you put a lein on a business?
A lien is usually created on something when someone has used that something as collateral. Ex. A house that has been paid off can have a lien placed on it by taking a out a home equity loan. The house is now used as colateral. The lien is placed by the loan institution. Hope this helps.
Can you file a lien against a business that failed to pay for merchandise?
Possibly if the businesses are recognized by the state as entities which are subject to such state provisions. Check with the state agency which governs liens and perhaps inquire with the tax assessors office to see if other liens have been placed on business. Possibly if the businesses are recognized by the state as entities which are subject to lien and other state afforded rights and provisions
What is a permanent life policy?
A permanent Life policy is Whole Life or Universal Life. It builds a cash value. When deciding which is best for you consider this, Term insurance is like renting a home, Permanent is like buying the home. 4lifeguild
Can you get work comp for repetitive motion injuries in Colorado?
Yes, you can get workman's comp for repetitive motion injuries. You may have to proof the extent or seriousness of those injuries.
If the judgment lien was placed before the divorce and not paid or settled the property could not have been conveyed to another party regardless of the terms divorce decree. If the couple lived in a community property state the property lien is against both of them even though only one spouse incurred the debt and the awarding of the home in the divorce decree is irrelevant as to the validity of the judgment. Before the deed can be conveyed to the spouse who was awarded the property the judgment will have to be paid or settled according to the terms of the lien holder.
The lien holder can either take you to court, or the repo agency will just keep on you... if you're hiding the vehicle, it's doubtful you want to go through all the hassle just to leave it sitting idly, so you'll probably drive it somewhere at some point. If it's a high enough value vehicle, oh yeah, they'll stay on you, and the moment you leave it unoccupied in order to run into a store, another house, wherever, a vehicle - likely an inconspicuous looking one ton pickup - will back up to it, a wheel lift will come out and lift up the axle, and that's all she wrote - once they have it hooked, it's theirs, and the only way you're getting them to drop it is through successful force of violence - but this will only work against you, as you'll find yourself facing felony charges for that, AND you still lose the car when all is said and done.
If you're financing a 30 year-old Yugo, on the other hand, it's not going to be worth it to spend the money for such assets, and you'll just get referred to a collection agency, at which point, you'll either set up payments with the collection agency, or ignore the debt collector and forget about having any credit for the next seven years.
If the married couple were joint debtors or resided in a community property state the lien is and will remain valid until satisfied or paid in full. If the lien was against only one spouse and that person no longer owns the property it might be possible to have it lifted. Regardless of the terms a divorce degree is not a legal instrument for a defense against creditors. Therefore, the best choice is to consult with an attorney.
Yes, if you have agreed that the house will be used for collateral.
Can Tenancy By The Entirety protect a home in Louisiana?
No. TBE does not apply in Louisiana as the state is a community property state.
Does Nevada require a right to cure notice on a mobile home default?
Yes. Nevada is one of several states that has enacted "right-to-cure" laws. This does not only apply to mobile homes, but also to installment loan agreements of all types.
Can a creditor try to collect the debt for a car that was repossessed six years ago?
Yes, there are not time limits in which a collector or creditor can pursue the recovery of monies owed. All US states do have SOL's relating to the time a credior has to file a lawsuit against the debtor.
No matter what you had in the vehical, it's probably gone if there was any value to the items. I would suggest you move on and forget about it. You should have paid your note or worked something out w/ lender. You are the one to blame
Yes repo companies can charge you a processing fee to get your personal belongings back in missouri.
LAME answer above by some do gooder lecturing you - The fact is that repo companies may not keep any of your personal belongings and are required to bag it, list it and insure it - this is the reason for the fee.
Btw - Most everyone has bad circumstances sometimes and gets down on their luck. Just keep pushing ahead.
Can a collection agency put a lien on all bank accounts of a couple with no previous notice?
States establish laws relating to the execution of creditor judgments. All states allow bank account levies under certain circumstances. Joint accounts can be levied, including marital accounts except those held as TBE. Only one account can be levied (garnished) at a time by an individual judgment holder. In some states the account holder(s) are notified before the levy is executed. This will not necessarily aid the debtor in protecting assets, as generally the court will order the return of any funds removed and the account "frozen" until a ruling as to the legality of the action is rendered.
How do you place a lien on a boat?
The easiest way to get a lien on a boat is with the cooperation of the Title Holder, simply by putting the lender's name in the "lienholder" spot on the Certificate of TITLE, or "pink slip." That is one way your boat dealer could get a lien on a boat at the time of purchase, or at any time with the cooperation of the owner, the title can be modified to include a lien holder. Of course, like any lien, if there are already liens existing against the boat, the later lien will not be paid until after the "senior" liens. To get a lien on a boat for services, say a marina puts a lien on your boat for rent owing, the party seeking the lien must file documents with the DMV, since boats are considered "vehicles" for the purposes of the Motor Vehicle Codes. If the owner of the boat has declared it as their primary residence with the local tax assessor, I believe the boat will be exempt from any liens. As far as a lien for services rendered where the boat is not in the possession of the lien seeker, I believe they still go through the DMV. THis process involves the mailing of notices and an opportunity to object to the lien before it is perfected. Of course, without the boat in their possession, they will have real trouble trying to execute their lien.
Where can you find someone to talk to about how to put a lien on a vehicle?
ABOVE ANSWER DOES NOT ANSWER THE QUESTION BECAUSE IT IS NOT REFERING TO A VEHICLE MECHANICS LIEN.
ARE YOU A LEGITIMATE BUSINESS? MOST STATES REQUIRE THAT FACT. IF SO, CONTACT; autolienservice.com
Can child support in Massachusetts seize or put a lien on a house even if the house has two owners?
Yes they can.
What does it mean to perfect a security interest?
Perfecting a security interest means that you have taken all the necessary legal steps and filed all the required papers to establish a lien against someone's property. If you borrow money against your house and sign a promissory note, the lender's security interest is perfected when the mortage or deed of trust is recorded.
Can a car really get repossessed then auctioned for one cent and the owner be charged the balance?
It must be sold in a "commercially reasonable manner" which does not seem to be the case here contact an attorney.
I can answer the question I asked. The answer is NO. For the State of Arkansas I was told by the Dept of Finance that I should have done it when I sold the car. My tough luck, my being nice to the buyer. The buyer is a leach on society.
AnswerEven though you didn't place a lien on the title when you sold it, you should be able to sue and get a judgment for the unpaid amount of the note. With the judgment you can attach the buyer's property, including the car.You could try calling family members or friends if you know of any, and give them some believable reason for contacting the person, like you owe him/her money or you borrowed something and want to return it. There is the option of hiring a 'skip tracer' but that would result in more expenditure that you probably wouldn't be able to recover. Unless you can get the help of a neighbor or family member of theirs it will be pretty difficult.
