When it’s involuntary, the word “lien” is never something good in real estate. A lien is the right of one party to take and retain possession of a property that belongs to somebody else until the owner repays a debt. Property liens are legal notice bound to your property. It becomes public record. Creditors realize…
Medical liens can be an important payment tool for Arizona health care providers who treat patients after an accident or injury. For clinics, chiropractors, physical therapy offices, medical practices and other providers, a properly handled lien can help document a claim for payment from a personal injury settlement, judgment or related recovery. At the same…
In Arizona, anybody that supplies labor, professional services, tools, materials, machinery, or fixtures in construction projects may be entitled to file a mechanic’s lien on the property to guarantee they receive payment from the owner of the property. These lien laws are intended to safeguard contractors, sub-contractors, suppliers, or anybody else that has supplied labor,…
Absolutely, you are able to sell a house that has a lien on it. The lien gets settled at closing using the profit from the sale, and the purchaser will then collect a clean title. It occurs each day with mortgages, which are basically liens, and it additionally works similarly with other types of liens.…
There are a lot of reasons that a lien might be recorded on a property you own. A subcontractor might not have been necessarily paid by the contractor and, consequently, filed a lien on your property. You might have failed to pay your HOA dues and, again, consequently, your HOA is going to file a…
Following a personal injury settlement, negotiating a medical lien is one of the most crucial steps to safeguard the money you have won the settlement. A medical lien on your financial resolution indicates that a doctor, hospital, or government entity has every right to take a portion of your payout for covering your medical expenses.…
The debtor’s authority to avoid particular liens on their assets is one of the most powerful devices in the bankruptcy toolbox for achieving a truly “clean slate” in bankruptcy. The general rule establishes that “liens transfer through bankruptcy uninfluenced by the discharge”. Bankruptcy discharges only eliminate the individual liability of the debtor. When the debtor’s…
Removing a property lien entails a legal process that differs depending on the situation. The following are the typical steps to think about: Property liens can haunt homeownership by impeding property transactions and affecting your financial welfare. Thankfully, in Arizona, there are legal approaches available for the removal of property liens. This thorough walkthrough is…
Collection of Child Support is usually challenging, however, government, State and Federal, necessitates payments to be made and has offered a great deal of help. If a parent fails to pay child support, he or she is subject to enforcement approaches to collect regular and over-due payments. Before 2006, there was a 3-year statute of…
Safeguarding your right to get paid is vital. This is the time in which pre-liens, or preliminary notices, take effect. Particularly in states such as Arizona, understanding the ins and outs of pre-liens can be the difference between getting your money and facing financial forfeiture. The following is going to cover everything you should know…