0
A lien is a legal instrument which prevents the property it is attached to from being transferred, sold, refinanced, and so forth by the owners until the debt pertaining to the judgment lien is paid in full or satisfied.
A "perfected lien" against real property becomes a secured debt and in some states under specific conditions it allows the lien holder to petition the court for the forced sale of the named property.
Another Answer
When a lien is filed on a condominium, the lien is based on a standing agreement between the owner and the association that the owner will pay monies to the association which have not been paid. There is no 'judgement' involved.
You can find the details of this agreement in the association's governing documents.
Once a lien is filed, it not only clouds title to the property, as above, but can appear on the owner's credit report.
Add your answer:
Earn +20 pts
Can you put a lien on someones rental condo for unpaid dues if they are in Chapter 7?
This is a task for your association's counsel. Filling an improper lien, improperly, may give the debtor an easy out of the monies owed.
Can you have a lien put on someones own home if they owe monies from another job site?
Mechanic's lien- no.Mechanic's lien- no.Mechanic's lien- no.Mechanic's lien- no.
How do you put a lien on a condo for due fees?
Read your governing documents and work with your association attorney to file a lien for unpaid assessments.
Can you put a lien on someones house for garbage problems?
No. You make a complaint with your town's health department.
Can you put a lien on someones business if they owe you money?
You can try to put a lien on someone's business but they may be protected by having an LLC or other form of business. You may be able to hold them personally liable instead. A judgement will not mean you are paid, however. It just means you should be paid.
My condo community has decided to put new siding on your homes and if I don't pay 5500 they will put a lien on my home. Will that affect my credit rating?
Yes, a lien on your title, which clouds it, becomes public record and can affect your credit rating.
Can you put a lean on someones property if they owe you money?
If you bought the property then you are the owner. You cannot put a lien on your own property. If you need to add more details please use the discussion page.
Can animal control put a lien in the property?
what do you mean by property? But a lien can go in animal control.
Can a condominium put a lien in your condo?
Yes, a condominium can put a lien on your condo. The condominium depends on your payments to keep up the common areas. As a result, it has the right to collect its fees plus interest when you sell it if you do not pay your assessments and a lien is filed. As well, the association may be able to sell your unit in order to collect these unpaid assessments. Read your governing documents to remind yourself of your agreement to pay assessments and of your association's responsibility to pursue you until the assessments are paid. When you do not pay your assessments, you're essentially asking your neighbors to pay your bills.
Can creditors put a lien on a house that is in a life estate?
Yes, they can place a lien on real estate. That may mean they get nothing if the individual dies, because they can only lien on the rights of that individual.
How does a condo association put a lien on a member that is behind on their HOA dues?
The association works with the association's counsel to pick a style of lien and file it. An improper lien or one that is not filed properly gives the owner an out. As well, be prepared to present the attorney with evidence that the association has exhausted all other means available in order to collect the past due amounts.
How do you put a lien on someones home without going to court?
Your first step should be to contact an attorney. Beware of self-help lien forms that are on the market. These will work fine if you are experienced in your state's real estate laws. If you are not experienced, even a small mistake can be grounds for voiding the lien and an award of attorney's fees in favor of the person who owes you money.
