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How long does a house lien last on the house before it is dropped?
Wiki User
∙ 16y ago
Until the money that is owed is paid.
Wiki User
∙ 16y ago
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What happens to a lien on a house after it expires?
The lain stays with the mortgage. And if the owner of the mortgage does not settle up with the lien holder that person cannot sell their house, car, boat or whatever the lien is on. They have to pay lien first or sell and before they get the money the amount of the lien will be deducted from total sell
If a credit card company has a judgment on you in Tennessee can they take your home if you own it?
no,,,,,,but they can put a lien on it,,,and when you sell your house,,it has to pay the lien amount,,,before you get any money from the house.
Can a house be built on a property with a lien without being encumbered by the existing lien?
No. Once a house is built it becomes an intrinsic part of the real estate. If the land has a lien on it the lien holder will get your house.
Can you lien a house already in foreclosure?
This depends on the location Where I am any lien must be filed before the first court date. Other places when the process starts it to late.
How does a lien on your house by a credit card company effect you?
When you have a lien it shows on your credit rating, this is because money is owed to someone and not paid, also if you want to sell your house the lien would have to be paid off first, it also remains on your credit rating for 7 years.
Will there be a federal tax lien put on my house that's in foreclosure?
Yes, there will be a federal tax lien put on your house that is in forclosure. The bank or person that buys your house will have the option to pay that lien off.
What happens if a private investor places a lien on your home?
To get a lien he would have had to show a judge the he had a right to do so. You would have to owe him for goods or services. It would have to of been concerning the house. You borrowed money on it, had work done to it and did not pay as promised. If a judge agreed, you have a lien on it. I believe the lien is on the house not you. If you sell it, the lien stays with the house. It would most likely have to be paid before ownership was transferred. If the new owner did not research the deed, it would become his responsibility if he accepted ownership as is.
Can a construction lien holder force you to sell your home?
In a 'worst case scenario' probably they can. They have a legal lien against your property to satisfy an unpaid debt that is owed them. If they take you to court and are awarded a judgment against you, and your home is your only monetary asset, the court COULD order you to sell it to in order to pay off the lien.
What is a civil lien and how does it affect the sale of a home?
a civil lien can be put on property for nonpayment of any liabilities owed,but only after a judgment from a lawsuit ordered by the judge to pay. you can resolve the lien by paying the judgment in full or filing for bankruptcy. the civil lien will last for 10 years & can be renewed. if lien is in place during ownership of property, lien will be satisfied up sale of house in escrow.
How do you file a lien on a house that is in a trust in Massachusetts?
Yes, a lien can be filed on a piece of real property, regardless of the owner. However, the reason for the lien has to be directly related to the actual owner or the property itself. i.e., if a trust owns a house and I live in the house, and you have a judgement against me, there is no attaching a lien on the house for my debt.
What is the limitation on a car with a lien on it before you can get the title?
If the car has a lien, you usually have to pay off the lien before you can get a clear title. Otherwise, in this state you have the name of the lien holder on the title.
Can the IRS put a lien on my house for my new wife's federal debts?
If you owned the house in your sole name before the marriage, not unless you made her a co-owner.
