Who Can Put a Lien on Your House?


A lien is a legal claim on an asset that allows the lien holder to take possession of the asset if certain conditions aren't met. The lien holder is the one who puts the lien on your. Until the mortgage or auto loan is repaid, the lender has a lien on the property. The lien allows the lender to foreclose or repossess the property if the property owner falls behind on payments. If your house has a lien on it, the lien holder can sell it at anytime to satisfy payment for your debt.
Q&A Related to "Who Can Put a Lien on Your House"
While liens are often viewed in a negative light, the majority of liens are placed on homes voluntarily by homeowners themselves. When you takes out a mortgage, you place a lien against
ur great nans and grandads. ur great nans and grandads.
Most government entities can attach your wages for unpaid taxes without a court order. Your wages can be garnished for unpaid child support, again generally without a court order.
Unfortunately, title would be the only one to note that there was a lien on the property. It sure does sound like the City got involved while you are the owner, so that makes you
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Ask.com Answer for: who can put a lien on your house
Who Can Put a Lien on My House?
When you are a homeowner, you have to deal with the possibility of someone putting a lien on your house. A lien is a claim against your property and it could arise from several different types of debt that you have. Understanding who can put a lien on... More »
Difficulty: Easy
Source: www.ehow.com
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