If you have ever attempted to sell a or purchase home, you might be informed with property liens—which are linked to its mortgage. However, liens can additionally be put on other kinds of property, including vehicles or possibly work done on your home. What is a lien? And how do you get one taken off?…
A mechanic’s lien is an ensuring of payment to builders, contractors, and construction companies that repair or build structures. This type of lien also extends to material suppliers and subcontractors and additionally cover building repairs. The lien guarantees that the workmen get paid prior to anyone else in case of a liquidation. Understanding a Mechanic’s…
We like to think our home is where the heart is. However, that is not necessarily so, particularly when a lien has been placed on it, and you are the last to find out about it. In all fairness, a lien is placed to collect an overdue debt, but that doesn’t mean your own home…
A property lien is a legal declaration on assets that permits the holder to acquire access to the property if liabilities are not paid. This type of lien is required to be filed and authorized by a state agency or county records department. It is then presented to the property holder with specific conditions notifying them that…
There are 3 general kinds of liens: statutory, consensual, and judgment. Statutory Every statutory lien result from state and federal laws. They typically occur automatically and are deemed as involuntary liens. Liens don’t have to slow you down. Read below and see how you can work out this financial issue. Tax Liens You are going…