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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 police seize my property if I put a lien against it first?

Police seizure is not affected by a lien put on the property by anyone as long as they follow the due course of law.

What was the state compact theory?

In the US, it basically means a state can declare a law unconstitutional and ignore it because the constitution was formed by a compact made will all of the states.

http://en.wikipedia.org/wiki/Compact_theory

-kubiak-

How much can a garage charge for storage after they finish repairs?

How much can a garage charge for storage after they finish repairs? in san bernardino county

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.

Can a landlord lose his rental property because of unpaid medical bill liens?

Generally, yes- if the following three factors apply: he is the owner of the property; a creditor has obtained a judgment lien; the lien is for an amount great enough to warrant the expense of taking possession of the property.

Where do you mail paperwork for a release of lien?

You need to ask your question again and specify whether you want to know how to obtain a release of a lien or where to record a release once you receive it.

How do you mortgage subordinate?

You can't subordinate a mortgage. One bank, the senior lender, sometimes subordinates their mortgage to a bank who is giving the homeowner a new mortgage. The subordination gives the new mortgage first place and the old mortgage becomes the second mortgage.

How do you get a lien release on old mortgage from Washington mutual mortgage loans?

You will need to research and see who now holds the note to that mortgage. Mortgages in the secondary market get transfered very frequently. You can use a website such as MERS where a MERS acct number will be asked, usually the lender will sign with mers to be added onto their data base. You will need to contact that lender who holds your note, their Lien Release Department. Alot of time this is often resolved by the fact, the lien release, was never recorded. Which is know as a unsatisfied lien due to no release ever being recorded. You should know who you paid your mortgage to, if not then you must dig. But believe it or not their are people who do not know who they paid their mortgage payment too. I know beats me too. But the whole thing is KEEP COPIES OF ALL YOUR DOCUMENTATION! Trust me you never know when a title company will pull up a unreleased mortgage or judgment or lien. Know your own paper work and know it well.

Title Clearance Rep at a Title Company

Why can't Ford Motor Credit send lien payoffs electronically?

You need to call the consumer help line at Ford Motor Credit and ask your question. It may be that a valid release requires a signed or stamped endorsement. It may be that an electronically transmitted release in PDF form can be modified at the receiving end. You need to ask Ford Motor Credit.

Can a lien be placed on a property in Canada by a company from the UK?

If it follows Canada civil court procedure then yes.

If it follows Canada civil court procedure then yes.

If it follows Canada civil court procedure then yes.

If it follows Canada civil court procedure then yes.

Who played Kevin McCallister in the hoilday film home alone?

Macaulay Culkin played Kevin McCallister in the movies Home Alone and Home Alone 2: Lost in New York. The first film was released in 1990.

If a car dealer sold me a car and lost the lien holder what rights do you have can you keep the car its been over 30 days and no one to pay?

This may vary from state to state, and I don't know what you meant by "lost the lienholder", so I'm kind of guessing here.

Most of the time, the contract will say that the dealer will arrange for financing for you at a particular rate specified in the contract, and if they can't, they have some (short) window of time to notify you of the changes.

Dealers generally arrange financing right away and get a pretty firm commitment from the financing company, but once in a while things do go south later, especially on used cars, and the terms change.

When the dealer contacts you with the updated terms, you will need to either go back in and sign a new contract, or return the car to the dealer. You don't have a lot of wiggle room here if they did notify you.

If they didn't notify you, though... at 30 days, it's too late for them to change it. They MUST finance the car at the rate specified by the contract, even if the dealership has to do it themselves.

What will probably happen in practice is that they'll threaten to repossess the car if you don't come in and sign the new contract or return the car. And if you talk to a lawyer, you'll probably be told that a court will do exactly bupkis about this until the dealership actually does repossess the car, and then you'll have to sue them.

The bottom line is: talk to the dealership and try to work it out.

How do you know if lien is on house?

Contact the city or county land records office or visit that office and check the index under your name.

How many days do they have to wait before they resell a car after repossession in Missouri or can you charge storage?

How many days I havent located yet. I dont know of any state that requires of more than 30 days waiting time before the lender can dispose of the repoed collateral. STORAGE??? FROM DAY ONE. http://www.moga.state.mo.us/statutes/C400-499/4080000554.HTM Notice of default, contents, form, delivery. 408.554. 1. After a borrower has been in default for ten days for failure to make a required payment and has not voluntarily surrendered possession of the collateral, a lender may give the borrower and all cosigners on the credit transaction the notice described in this section. A lender gives notice to the borrower and cosigners under this section when he delivers the notice to the borrower or cosigner or mails the notice to him at his last known address. 5. In the case of a second default on the same loan made pursuant to section 408.100 or on the same retail time transaction as defined in section 408.250 or in the case of a third default on the same second mortgage loan as defined in section 408.231, the notice described in subsection 2 of this section shall indicate that in the case of further default, the borrower will have no right to cure.

Can a lien be used as a forced sale of property?

In almost every US state it is possible for a judgment creditor to request a forced sale of property to which a lien has been attached. A definite answer is not possible as there are many factors that could prevent a forced sale of a primary residence. For example, Texas is one state where statutory law forbids the sale of a homestead. Other states do not allow such a sale if it is marital property held as Tenancy By The Entirety and only one spouse is the debtor, and so on and so on.

If one sibling filed chapter 7 and there is property that is left by your deceased parents but no succession has been filed by your siblings can a trustee sell the property to pay creditors?

Only that property that is determined to be owned by the sibling. If property is owned jointly between the sibling and the remaining family, the remaining family may be forced to get a loan to pay the appraised value of the siblings share.

As this Q is frequently referred to by those asking about a trustee that is a sibling.....a trustee is NOT the owner of any of the proerty he is trustee for...in fact, IT CANNOT be used for his personal needs.

If a mobile home is sitting on your property and the person owning the mobile home will not move it from your property can you put a lien on it and if so can you just send them a certified letter?

It is possible to place a lien on unclaimed property, however more than a certified letter will be necessary. You should begin with the letter to notify the mobile home owner of your intentions, and if the home goes unmoved, you may file for a lien with the local courts. This will require further contact to serve the home owner.

What can homeowner do if lien is file against his property?

The owner cannot mortgage or sell the property until the lien is paid.

How do you make coffe without a coffe maker?

first of all buy the frozen coffee granuals ,then boil the kettle.

For a perfect cup:

1.Select your favorite mug.

2.Place half a teaspoon of the coffe granuals in your selected mug.

2.Put some sugar in if you wish

3.Add milk (i like 1 quarter of the cup to be full of milk)

4.Pour in the hot water

How do you initially secure unsecured properties?

You initially secure the unsecured properties by verifying the owner of that particular property.

How is a Federal Tax Lien handled when there is no equity in the property?

If you do not pay your taxes and this tax lien doesn't result in enough to pay your back taxes, they will find some other way to get you to pay your taxes. Eventually, if you don't pay you may be arrested.

Bad AnswerThe above is a comment and not an answer.
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