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Liens

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

2,139 Questions

Ex spouse not taking name off condo?

Your question is unclear, however, given the trail of categories chosen, apparently your name is on ownership records for a condominium, together with your ex-spouse's.


If there is a lien against the title of the property, and debt collectors are pursuing you to satisfy this lien, one could conclude that you need to hire an attorney and have your name removed from the title.

FDCPA in Florida protect home from credit card collection agency?

How much can a credit card collector do with a lien on your property in Fl

What happens to to second lien if borrower defaults on first lien?

It may be accelerated and payable from the excess proceeds of the auction held by the first lienor in foreclosure, if there is any excess.

--- improve the answer: If seond lien is not a superior lien (e.g. Tax lien is superior than MGT lien), when the first lien is foreclosured the second lien will be washed out --- Not exists any more. However, a superior lien, even a second lien, will still survive the foreclosure process which means the property owner (who has bought the property during foreclosure) still needs to pay.

Does a credit card property lien expire?

Unfortunately, some states do allow for this to occur. The credit card company usually renews the lien and adds the cost of the renewal to the lien. It is better to pay off any bad debt you have obtained before this situation.

When did elby's big boy close in stroudsburg pa?

A tax lien was filed against the business in 1984. So 1984 or soon after.

What is collateral security?

PLACING SOMETHING OF VALUE DOWN AS A GUARANTEE OF PAYMENT ,WHICH YOU WILL LOSE IF YOU DEFAULT .

What is the verbiage for a blanket ucc filing?

All of the following property that is now or hereafter at any time used in connection with (without regard to the duration of the period of such use), or now or at any time relates to or arises as a result of, the operation of the business known as Heritage Hills Memory Gardens:

(i) all of the Debtor's inventory, including all goods, merchandise, raw materials, supplies and other tangible personal property, now owned or hereafter acquired, and all documents now and at any times covering or representing any of said property;

(ii) all of Debtor's accounts, accounts receivable, contract receivables, contract rights, notes, drafts, acceptances, instruments, chattel paper and general intangibles, and all guarantees and suretyship agreements relating thereto and all security for payment thereof, now and hereafter existing orarising; and

(iii) all of Debtor's equipment, including all furniture, furnishings, machinery, fixtures, storage shelves and other goods used in the conduct of Debtor's business, including, but not limited to, all motor vehicles and rolling stock, now owned or hereafter acquired;

together with (a) all increases, parts, fittings, accessories, equipment, special tools and accessions now or hereafter attached thereto or used in connection therewith, and any and all replacements of all or any part thereof; (b) any profits now or hereafter acquired from or through any of theforegoing; (c) any products now or hereafter acquired from or through any of the foregoing; (c) any products now or hereafter manufactured, processed, assembled or commingled from any of the foregoing; and (d) any and all proceeds received should any of the foregoing be sold, exchanged, collected or otherwise disposed of (all of which is hereafter called the "Collateral").

Can collections place lien on property?

Yes. If a judgment lien was granted by a court the lien can be recorded in the land records and you can't sell or mortgage the property until the lien is paid in full and discharged.

Can you put a judgment lien on someone for unpaid child support?

A judgment and a lien are two different things. I suggest that you contact your State's child support agency about collecting any arrearages. When you get an interview with them, bring all the papers relating to your child support: birth certificates, acknowledgments of paternity, court orders, payment records, etc. Be polite but persistent. Good luck!

Can a company file a UCC-1 on your property without your knowledge?

You would have knowledge of a valid UCC since you would need to sign it.

You would have knowledge of a valid UCC since you would need to sign it.

You would have knowledge of a valid UCC since you would need to sign it.

You would have knowledge of a valid UCC since you would need to sign it.

How far can a person put a home from someone's property line?

That type of matter is governed locally. You need to inquire at your town or county clerk's office.

That type of matter is governed locally. You need to inquire at your town or county clerk's office.

That type of matter is governed locally. You need to inquire at your town or county clerk's office.

That type of matter is governed locally. You need to inquire at your town or county clerk's office.

Can you sell your home after you use it as collateral?

No, you cannot. The moment you declare your home as collateral, the bank would take control of the home documents. Until you finish repaying the loan fully, the bank would not release the documents.

During this period, trying to sell your home is a criminal offense and the bank can have you jailed for this

Can a heat and air contractor force you to sell your home to collect from you?

No, you can be sued for unpaid debts, but no judge is going to order you to sell your house in order to pay them. At most, a judge might order a garnishment of your paychecks.

If the lender refuses to pick up the car and still wants you to pay the balance what do you do?

K, you can deliver the car to the lender OR you can look at it. There is a reason WHY they wont pick it up. Does it run? Is it wrecked? Is it worth P/U? I suspect it is NOT. Whatever happens , you WILL pay the balance. Your best option is to make some kind of payment arrangements with the lender. Large or small, send something on a regular basis. Good Luck

How do you pay a judgment?

A certified check and make sure you get a receipt! In indentifying to whom the judgment should be paid, the judgment debtor should refer to the final judgment notification.

If you buy a house don't live in it work on it for 1 to 2 years and then sell it for profit what are your tax benefits and liabilities?

If you buy a house and don't live in it and work on it for 1 or 2 years you may or may not have a tax liability when you sell it. The rule is that you must live in the home for 24 out of the past 60 months in order to sell the home and not incur a tax liability. Furthermore, if you are single you may realize a non-taxable gain up to $250,000. If you are married then your non-taxable gain extends to $500,000. If you live in the house 24 months during the course of a 5 year period of time and rent the house for the remainder of time then you will reap the tax benefits of depreciation and any other writeoffs associated with the rental.

Can you be bonded if you file chapter 7 bankruptcy?

Answer To my knowledge the only reason someone can't be bonded is if they have a criminal record.

If a person is charged in a felony case and there is restitution and court ordered finefees can the person put that restitution on their bankruptcy?

Almost never; Court ordered restitution and especially fines are NOT ablwe to be discharged in bankrutpcy. That would be against the "public good"...and frankly, one court doesn't like interferring or overriding another ever!

Do you have to pay taxes when owning an island?

Sure. Even if you think you can declare yourself your own country or something (which you really can't, nor would you probably want to as being a US citizen is probably more important when your out there at the mercey of the rest of the world), like any foreigner, money attributable to being made in another country is taxable ther. Yes, a European pays taxes here on money he makes here...as US citizens do there.

Can you put a lien on your ex's house if your credit is being ruined since your name is still on the loan deed?

If you signed the mortgage then you are responsible for paying the mortgage. If you were not on the deed but still signed the mortgage then you volunteered to pay for your ex-spouse's home. If you didn't have this issue addressed during the divorce then you and your attorney made a huge mistake. You should call the attorney who handled the divorce to see what your options are now.

Rule of thumb: A person who is not on a deed should not ever sign the mortgage. The only reason for that type of arrangement is for the bank to have another person to go after if the owner doesn't pay. You will be held responsible for the debt. In a situation such as yours, this issue should have been addressed by having the spouse refinance the home in their own name and pay off the existing mortgage that you signed. That should have been incorporated into the divorce decree.

Can a mechanic repossess a vehicle from private property with no signed work order for non-payment?

Ill answer this in parts. Mechanic repo? YES Private property? YES No signed work order? ORAL contracts are legal too Non- payment? why else would he be "repoing"?? You need to make a deal of some sort, namely PAYMENT

What is an auditor's lien?

In the UK, an auditor's lien can arise when a company's former accounting firm is owed outstanding fees for work performed. See related link.

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