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Liens

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

2,139 Questions

How can you find out how much a lien is on a vehicle?

The licence office should be able to tell you .It might be worth the extra buck to find out. It will save you big bucks in the long run.

How long can a lien last on a property in Missouri?

A lien can be placed on a property in the United States when a person owes a creditor a sum of money. In the state of Missouri, a lien can be on the property for ten years.

Can you sue your condo association?

Yes.

Read your governing documents to remind yourself of your legal obligations to the association, and the association's responsibilities, which may include foreclosing on a unit in order to, for example, satisfy a debt because the owner refused to pay monthly and other assessments.

Can you place a lien against property owned by a family member if you paid the taxes on the property?

Sue them in small claims court. * Paying the taxes does not necessarily mean that the owner of the property would be legally obligated to repay the lender or said person would have any legal clam to the property in question. The party who paid the taxes needs to obtain a promissory note from the property owner showing the tax payment was a loan. That being the case, the lender might be able to recover money spent (as noted in a previous response) by suing the debtor in small claims or another state court, if the lender did not voluntarily repay the loan. Please be advised, the majority of US small claims courts are for monetary recovery only. Therefore, it might not be possible to execute a small claims judgment as a lien against real property.

Can you repossess a vehicle for nonpayment if it has a lien?

YES, IF-IF-IF you can pay the loan off. The lender will have to be involved in the sale to get the paperwork done.Lenders will NOT release the title until the loan is paid in full. Dont get yourself in a mess trying to do it alone. Find out from the lender what the payoff is and then make sure you have that amount ready to give the lender when you complete the sale. Good Luck

What if creditors already are looking for it/reposession order already out for it? Can this still be done?

Likely the only way to do it is CALL the lender, get the payoff and get that amount to them NOW.They want the money more than the car.....

Can a credit card company put a lien on jointly owned property when only one person is the named debtor in Florida?

A lien is possible but it could not be used as a forced sale for recovery of monies owed. The lien would stay valid until paid or the person whom the judgment was against died. The aforementioned does not relate to marital property as Florida law allows and presumes that a married couple holds real property as Tenancy By The Entirety and cannot be attached in any manner when only one spouse is the debtor.

Have homestead exemption am a widow where do you apply for widow benefit for homestead exemption?

You should call your town offices and ask to speak with the assessor's office. You could also check online for your town or county official website where the information will also be listed.

Is a house lien still active when the owner dies?

A lien does not go away with the death. It remains against the estate of the deceased. The debtors will likely file their claim with the estate and make sure they get their money one way or another.

Can you refile if you filed for bankrupty before by yourself?

What could you possibly mean by overturned?

Bankruptcy cases are dismissed (for any number of reasons) or discharged (as in completed).

It is all covered by Federal law. Depending on which and why will depend on when you can refile.

Why is there a lien on your car?

Typically because you owe money on it. When you take out a loan, the lender will use the car as collateral. This way if you default (fail to make payment) the lender can reposes (also known as recovery) the car to attempt to recover their loss. Once you have satisfied your debt the lien will be lifted. You can then go to the SOS or DMV with your title and prof of lien holders satisfaction and have the lien removed from the vehicles title. Some financiers do this last step for you.

Liens can however be more complicated. The lien is partial ownership of the said collateral, meaning you cannot sell a vehicle without the consent of the lien holder. Lenders can get away with it because upon your failure to make payments, you void the contract and forfeit your portion of ownership.

How do you defend inventions against copycats?

As soon as a work of sufficient originality is fixed in a tangible medium, it is automatically protected by copyright. This may not prevent people from duplicating it, but it does give you the right to take action against them.

If you intend to use it as a mark in trade, such as a business logo, you may elect to register it as a trademark as well.

Our HOA has given 45 days notice to owner to pay dues are there forms available to HOA to file lien in Okaloosa county?

A lien form varies from state to state. In addition, there are specific requirements which must be followed for filing liens. To avoid any unnecessary, costly litigation, resulting from errors in preparing and filing the lien, I strongly advise the HOA to retain an attorney to file any necessary liens. Also keep in mind that attorney fees can be collected in addition to the lien amount (in most states), so the HOA will not pay any attorney fees out of pocket once the lien has been paid.

How do you remove a lien on property that is not my debt someone else whos name is like mine?

Tax liens will only be removed after they have been paid, been discharged through bankruptcy or the time to collect (statutes) have expired, or an agreed amount has been Paid thru the "Offer in Compromise" program.

Is a condo association required to have a board of directors?

If the association is a corporation -- and in most states, this is true: associations are usually non-profit corporations, the state may require that the corporation have a board of directors.

Without a board, it's unclear how an association could operate the business composed of the multi-millions of dollars represented in the collective investment in real estate.

Can a creditor obtain a judgment against a debtor who was not served papers and no longer lives in the US?

The action a creditor can take depends on the time frame, the state the person resided in, and the type of debt. In most cases a court will allow a creditor to file suit in the party's previous residential state. If the person has any property or open bank accounts, a judgment award can be executed against them. And yes the person's credit will be damaged.

How do you do lien search for free?

It will depend what the lien is on, real estate, vehicle, personal property or judgement, etc? Most things like this will be listed with your local Clerk of Court office. But, you might also find tax liens in tax records, in the Tax Office, in the Court House Bldg. ( this would be for local taxes, county, city). Most of the time if you ask for help, explaining what you are looking for, the people working in the offices will help you out, showing you where you need to look. These public records. Oh, also pulling a credit bureau report would show anything listed as a judgement, or lien attached, to your own property.

What does against mean?

It means you are in opposition to something or someone.

How can you collect if you own your home with someone else and they owe you money?

Ask them for the money that they owe you, or take them to small claims court. Good luck and God Bless:)

What happens when you put a lien on property?

You will have to pay off the lien at the time you sell the home you live in. If you apply for a loan based on the house as collateral, then the lien will be taken into consideration.

I am not sure if your mortgage company is going to recognize the lien as being in first place should you also default on this home, or if there will be other issues with them.

Do you need to pay off a person's debts with their life insurance proceeds?

Yes. what ever estate is left is to pay off debts and then be distributed to heirs. That depends on who the beneficiary named on the policy is. If it is payable to the estate, it is an asset of the estate that is used to settle the deceased's debts. If the beneficiary is an individual (spouse, child, grandchild, a church, university) then the proceeds belong to them.

Always name a person as the beneficiary in a life insurance policy. Never give the government more than is their due.

Is it legal for a lien to be placed on a joint loan if both parties are not on the property for the lien?

Liens are not placed on loans. Liens are placed on the property that secures the loan. If a co-signer who does not own the property secured by the loan is sued for default, the lender could obtain a judgment lien and then use it to take any property owned by that party to satisfy the debt.

Liens are not placed on loans. Liens are placed on the property that secures the loan. If a co-signer who does not own the property secured by the loan is sued for default, the lender could obtain a judgment lien and then use it to take any property owned by that party to satisfy the debt.

Liens are not placed on loans. Liens are placed on the property that secures the loan. If a co-signer who does not own the property secured by the loan is sued for default, the lender could obtain a judgment lien and then use it to take any property owned by that party to satisfy the debt.

Liens are not placed on loans. Liens are placed on the property that secures the loan. If a co-signer who does not own the property secured by the loan is sued for default, the lender could obtain a judgment lien and then use it to take any property owned by that party to satisfy the debt.

How do you get a judgment lien on a bank account?

Yes. The law in all US states does not allow multiple judgment actions by a single creditor but it does allow consecutive acts of judgment by multiple judgment creditors. For example a wage garnishment or bank account levy is possible by one creditor, seizure and sale of non exempt property by a different judgment creditor, and so forth, however, one creditor cannot execute a judgment by using concurrent methods . Liens are the exception, there can be multiple liens against real property at the same time, with the liens being prioritized according to the date they were filed. Joint bank accounts in the majority of US states are subject to levy by a creditor judgment. The exception being a few states that allow a bank account to be held by a married couple as Tenancy By The Entirety where only one spouse is the debtor.

How do you collect monies owed to a business by a contractor for work you performed on a property?

Place a lien on the property,house,etc. You will have to go to the courthouse where the property is and file a lien against the person(s) who owes the money. If it's a house,building,etc. the property cannot be sold until the lien is solved. It varies by state so check with your local courthouse.

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