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Liens

The right of a creditor to sell collateral property when a debtor defaults on their loan

2,139 Questions

What does a lien on property tittle mean?

A lien on a property title is a legal claim that gives a creditor the right to take possession of the property if the owner fails to fulfill their obligations, typically related to debt repayment. This means that the property cannot be sold or refinanced without addressing the lien first. Liens can arise from various sources, including unpaid taxes, mortgages, or contractor fees. Once the debt is settled, the lien can be removed from the title.

Toyota motor credit corporation how you find lien?

To find a lien associated with a Toyota Motor Credit Corporation (TMCC) account, you can start by checking the vehicle's title, as it typically lists any liens against the vehicle. Additionally, you can contact TMCC directly to request lien information, providing them with necessary details such as the vehicle identification number (VIN) and your account information. Another option is to check your state's Department of Motor Vehicles (DMV) website or office, which may have lien information available in their records.

What is an example of a voluntary liens?

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.

If your spouse is sued and loses can the court take jointly held assets to satisfy the judgment?

Yes, if your spouse is sued and loses, the court can take jointly held assets to satisfy the judgment. In many jurisdictions, jointly owned property can be considered part of the marital assets, which may be subject to claims by creditors. However, the specific laws may vary depending on the state or country, and it often depends on whether the debt is related to the spouse's individual actions or is considered a joint responsibility. It's advisable to consult a legal expert for guidance based on your particular situation.

What does there is no lien on a vehicle means?

When there is no lien on a vehicle, it means that the vehicle is owned outright by the owner and is not being used as collateral for a loan or debt. This indicates that there are no legal claims or financial obligations attached to the vehicle, making it free to sell or transfer without any encumbrances. Essentially, the owner has full rights to the vehicle without any creditors having a stake in it.

How do you put a lien on someone's house when they owe you money and where do i go to get paper work?

To put a lien on someone's house for unpaid debts, you typically need to file a legal document called a "lien" with your local government, usually at the county recorder's office or clerk's office where the property is located. The process generally involves obtaining the necessary forms, which can often be found online on your local government’s website or in-person at the office. You may also need to provide documentation of the debt and possibly go through a legal process to obtain a judgment. It's advisable to consult with a lawyer to ensure you follow the proper procedures and requirements.

How do you putt lien on house in surrey bc?

To put a lien on a house in Surrey, BC, you must file a document known as a "Certificate of Lien" with the Land Title and Survey Authority of British Columbia (LTSA). This document should include details such as the amount owed, the property description, and the lien claimant's information. It's advisable to consult with a legal professional to ensure compliance with local laws and procedures. Once filed, the lien will be registered against the property title, notifying potential buyers and lenders of the claim.

What does VSPER theory state?

VSEPR theory, or Valence Shell Electron Pair Repulsion theory, states that the geometry of a molecule is determined by the repulsion between electron pairs surrounding a central atom. According to this theory, electron pairs (both bonding and non-bonding) will arrange themselves as far apart as possible to minimize repulsion, resulting in specific molecular shapes. This helps predict the three-dimensional structure of molecules based on the number of electron pairs and their arrangement around the central atom.

Can child support liens be dismissed?

Yes, child support liens can be dismissed under certain circumstances, such as if the underlying child support obligation has been satisfied, if there is a valid legal reason for the dismissal, or if the custodial parent agrees to the dismissal. Additionally, a court may dismiss a lien if it finds it was improperly filed or if the non-custodial parent successfully contests its validity. It is advisable to consult a legal professional for guidance tailored to specific situations.

How far back can you file for homestead exemption?

In most states, you can file for homestead exemption for the current tax year, and in some cases, you may be able to apply for it retroactively for the previous year. However, the specific time limits and eligibility criteria vary by state and local jurisdiction. It's essential to check with your local tax assessor's office for the specific rules applicable to your area. Generally, filing as soon as possible is advisable to ensure you receive the full benefits.

How long is a HOA lien good for in SC?

In South Carolina, a homeowners association (HOA) lien is valid for a period of three years. This timeframe begins from the date the lien is recorded. If the debt remains unpaid, the HOA may take legal action to enforce the lien within that three-year period. If no action is taken, the lien may become unenforceable after this time.

What happens if you get a judgment against a general contractor who's business is incorporate and he doesn't pay?

If you obtain a judgment against a general contractor whose business is incorporated and they fail to pay, you may seek to enforce the judgment through various means, such as wage garnishment or bank levies, but your options may be limited since the corporation is a separate legal entity. You typically cannot pursue the owner's personal assets unless you can prove personal liability, such as fraud or failure to maintain corporate formalities. It's advisable to consult with a legal professional to explore your specific enforcement options and understand the implications of the contractor's corporate status.

If you place a mechanics lien on someones property can you add on interest?

Yes, when you place a mechanics lien on someone's property, you can typically include interest on the amount owed, provided that the underlying agreement or contract allows for it. The interest calculation should follow the terms specified in the contract or any applicable state laws regarding mechanics liens. It's important to check local regulations, as they may have specific requirements for interest rates and how they can be applied.

Can medicaid place a lien on a farm corporation?

Yes, Medicaid can place a lien on a farm corporation if the corporation has received benefits from Medicaid and there are outstanding claims for repayment. This typically occurs in cases where the corporation's assets are used for the benefit of a Medicaid recipient. However, the specific rules regarding liens can vary by state, so it's essential to consult local regulations and legal counsel for detailed guidance.

What is the lien filing process in Pennsylvania?

In Pennsylvania, the lien filing process begins with the creditor preparing a written statement of the claim, which includes details such as the amount owed and a description of the property involved. This statement must then be filed with the Prothonotary's office in the appropriate county court, along with the required filing fee. Once filed, the creditor must serve notice of the lien to the property owner, often via certified mail. The lien remains in effect until it is satisfied or removed through legal processes.

If a person has a lien on their first house and they are trying to buy a second house can they put a lien on the second house if the title insurance says they have to?

Yes, if the title insurance requires it, a person can place a lien on their second house, even if they already have a lien on their first house. This typically occurs when the lender wants to secure their interest in the new property, especially if the buyer's financial situation is leveraged due to the existing lien. However, the ability to do so also depends on the terms of the existing lien and the specific regulations governing liens in their jurisdiction. It's advisable to consult a legal or real estate professional to understand the implications and requirements fully.

Ally financial What is the overnight address?

The overnight address for Ally Financial is typically used for sending important documents or payments. However, the specific address can vary based on the type of correspondence. It's best to check Ally Financial's official website or contact their customer service for the most accurate and up-to-date overnight address for your specific needs.

Who owns quantum auto group?

Quantum Auto Group is owned by Quantum Group, a company that specializes in automotive retail and services. The group operates several dealerships and is involved in various aspects of the automotive industry. For specific ownership details or changes, it's advisable to check the latest corporate filings or company announcements.

If my home has a declaration of homestead on title does this protect my home from liens?

A declaration of homestead can offer some protection against certain types of liens, particularly those related to unsecured debts, by designating your home as your primary residence and protecting it from forced sale to satisfy those debts. However, it generally does not protect against all liens, such as mortgage liens, tax liens, or mechanics' liens. It's important to understand the specific laws in your state, as protections can vary significantly. Consulting a legal expert can provide clarity on your situation.

How long will negative information concerning unpaid tax liens be kept in your?

Negative information regarding unpaid tax liens can typically remain on your credit report for up to seven years from the date of the lien, even if it is paid. However, the specific duration may vary based on individual circumstances and state laws. It's important to check with your credit reporting agency for the most accurate information regarding your situation.

How do I get a lien release. my van has been paid off for several years?

To obtain a lien release for your paid-off van, first contact the lender or financial institution that held the lien. Request a formal lien release document, which may be provided electronically or by mail. You may need to provide proof of payment, such as a loan payoff statement or title. Once you receive the release, ensure to file it with your local Department of Motor Vehicles (DMV) to clear the title.

Can a bank hold check if it was deposited after the lien was put on the account?

Yes, a bank can hold a check if it was deposited after a lien was placed on the account. The lien typically allows the bank to restrict access to funds in order to satisfy a debt or obligation. Therefore, any deposits made after the lien is established may be subject to hold or restriction until the lien is resolved.

Who do you contact in Lawrencevill Georgia to have your home placed into the section 8 program?

To have your home placed into the Section 8 program in Lawrenceville, Georgia, you should contact the Gwinnett County Housing Authority. They oversee the administration of the Section 8 program in the area. You can visit their website or call their office for specific information on the application process and eligibility requirements. Additionally, ensure you have all necessary documentation ready for your inquiry.

HOW TO OBTAIN AUTHORIZATION TO PAYOFF MOTORCYCLE?

To obtain authorization to pay off a motorcycle, start by contacting your lender or financing company to request a payoff quote. This quote will provide the total amount needed to settle the loan, including any fees. Once you have the quote, follow your lender's instructions, which may involve submitting a written request or completing specific forms. After receiving the necessary approval, you can proceed with the payment to clear the loan.

Who is owner of the property of wife signed pro forma to perfect lien only?

The owner of the property is typically the individual or entity that holds the title to the property, even if the wife signed a pro forma document to perfect a lien. The pro forma is usually a formal acknowledgment or agreement that does not transfer ownership but may secure a creditor's interest in the property. If there are specific legal considerations or agreements in place, those would need to be reviewed to determine the exact ownership and rights associated with the property.

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