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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 the owner take the car and resell it if you have the pink slip or can you get the car back?


Edward, this could get sticky. It depends on a lot of factors; what state you are in,did you sign a contract,are/were you in default of any contract, ect. Most states have a period for reinstatement of a contract(5-20 days) b4 the collateral can be resold. BUT, you have to pay the account current to get the car back. If you cant work this out with the owner, call a local attorney ASAP. Good Luck

Can siblings put a lien on a home that was inherited by a beneficiary deed?

AnswerYou haven't explained the reason for the lien. If the beneficiary owes the siblings any money and refused to pay they can sue in court for the debt and obtain a judgment lien on the property.

To whom do you owe rent if the owner of your property changes?

Check your rental agreement with the first owner, first. See if it covers this situation and if so, how you would proceed. If it doesn't, then you would pay your rent to the new owner, but you should also request a new rental agreement and make very sure that your security deposit is being held with the new owner. Also, if possible, let the new owner come into the rental and see the state of the unit. I had this situation happen to me and the new owner screwed me and my husband out of our security deposit because he said the place was left dirty, which it was not. He was not there for how we were given the unit and it was far dirtier when we moved in than when we left it. You might want to get a lawyer involved, if you can afford it, just to make sure your rights are protected and to make sure that the transfer of a new landlord goes smoothly. There are just as many bad landlords as there are bad tenants.

What happens when you die and leave a mortgaged house to someone?

They now have a house with a mortgage on it. If they cannot, or do not wish to, pay the mortgage, they will have to sell the house, pay off the mortgage, and keep the remainder of the money. The mortgage holder may require you to get a new mortgage on the property, rather than assume the existing loan. You are essentially leaving them what ever value you own of the house.

Can my husband's unpaid medical bills result in lien on my real estate in Illinois?

Yes, it could. The property would be considered a part of his estate. A lien could be put against it.

Does a tax lien from a local municipality affect your credit Town incorrectly calculated a back sewer tax somehow an addtl 16.25 was owed. I called and they placed a lien. Will it affect credit?

Yes tax liens are public open records. Most credit service firms research the public records and pass the information on as part of there normal work flow. Also in states with title insurance a lien can be be picked up by a tiltle company doing title research for lenders or insurance clients. If it is in error all states require taxing units to have an established appeal procedure. Check with your local assessor for information. Or check the web site of the State department of revenue.

Can you file a mechanic's lien for construction management preconstruction services?

You must look at the laws of the state where the land is located and for which services were rendered. Many "softcost" type services are covered (surveyors, geologists, property manageres....).

When would someone need a thyroid ultrasound?

Most thyroid ultrasounds are performed to evaluate a small lump (nodule) in the thyroid found during a physical examination or found by a radionuclide study (thyroid scan).

Can you get a license to sell life insurance with a tax lien?

Depends on the circumstances most companies will allow it aslong as you have set up some type of payment plan to pay the lien.

How do you put a lien on an out of state car in Illinois?

To put a lien on an out-of-state car in Illinois, you need to complete a few steps. First, obtain the appropriate lien form, typically the "Application for Illinois Title." You must fill out the form with the necessary details about the vehicle and the lienholder. After that, submit the completed form to the Illinois Secretary of State along with any required fees and documentation, such as proof of the lien. It's important to check for any specific regulations or procedures that may vary based on the vehicle's state of origin.

Can you put a lien on somebodys house for under the table work?

No, you cannot legally place a lien on someone's house for under-the-table work. Liens typically require a legal basis, such as an unpaid contract or services rendered, and must follow proper legal procedures. Engaging in under-the-table work means the transaction is informal and not officially documented, which undermines any claim to a lien. If you seek compensation, it's advisable to pursue legal avenues or mediation rather than attempting to file a lien.

What is the form needed to file complaint for unlawful detainer?

To file a complaint for unlawful detainer, you typically need to complete a specific form known as the "Complaint for Unlawful Detainer." This form usually requires information such as the names of the parties involved, the property address, the basis for the unlawful detainer, and the relief sought. The exact form and requirements can vary by jurisdiction, so it's important to check with your local court or legal resources for the correct version and any additional documentation needed.

Can state put lien on bank account?

Yes, a state can place a lien on a bank account under certain circumstances, typically to collect unpaid taxes or debts owed to the state. This process usually involves securing a judgment against the individual, allowing the state to claim funds directly from the account. However, specific laws and procedures can vary by state, so it's important to understand local regulations. Generally, the account holder may be notified before the lien is enforced, allowing them a chance to address the issue.

Who holds the title to the property in a lien theory state?

In a lien theory state, the borrower holds the title to the property while the lender has a lien against it as security for the loan. This means that the borrower retains ownership and the right to occupy and use the property, but the lender has a claim on it in case of default. If the borrower fails to repay the loan, the lender can initiate foreclosure to recover the owed amount.

What is the lien holder address for Lexis?

The lien holder address for LexisNexis can vary depending on the specific context or type of lien involved. If you are looking for a specific address related to a loan or vehicle, it's best to check your loan documents or contact LexisNexis directly for accurate information. Alternatively, you can visit their official website for customer service resources.

What type of property could not be sold by a court to satisfy an unpaid judgment for a hospital bill?

Certain types of property are generally exempt from being sold to satisfy unpaid judgments, including essential personal items, a primary residence (up to a certain value), and certain retirement accounts. Additionally, specific state laws protect various assets, such as tools of one’s trade or a vehicle with a low value. These exemptions aim to ensure that individuals retain basic necessities for living and working despite financial difficulties.

What is primary lien in the cooperative?

A primary lien in a cooperative refers to a legal claim or mortgage placed on a member's shares or the cooperative property itself, which secures the repayment of a loan or obligation. This lien typically takes precedence over other liens, meaning that in the event of a default, the lender has the first right to recover their investment from the proceeds of the sale of the shares or property. It protects the financial interests of lenders and can affect a member's ability to sell or refinance their shares.

Are Subcontractors required to provide the Contractor a supplier lien release - from Subcontractor suppliers - in addition to their Subcontractor lien release?

Yes, subcontractors are typically required to provide the contractor with lien releases from their suppliers in addition to their own lien releases. This practice helps ensure that all parties involved are protected from potential liens on the property due to unpaid supplier bills. It's essential for the contractor to verify that all suppliers have been paid to mitigate any financial risks. However, specific requirements may vary based on the contract terms and local laws.

Is a mechanics lien a general lien?

A Mechanic's Lien is also known as a Construction Lien. Construction Lien rights are available to anyone providing material, labor or services for the improvement or repair of real property. To establish valid lien rights each state has certain procedures such as Preliminary and Warning Notices that must be delivered within specific time periods. If you are not familiar with the lien laws requirements of the state where you are working, it would be prudent to use a company that provides lien law administration or notice service.

A Mechanic's Lien is mistaken by many to be a Vehicle Lien. Some states do allow those who tow, store or garage, and repair vehicles (vessels & aircraft) to place a lien on the title and to either ultimately take over the title or auction the vehicle to cover the outstanding debt. Vehicle Liens are complicated by a multitude of actions over a specific time line so it is highly recommended to use a vehicle lien company.

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