Tag: mechanic’s lien
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Someone Placed a Lien on the Deed. Did They Follow the Rules?
Various entities can make claims for unpaid debts by recording liens on a title. Mortgage liens are voluntary — you opt in. Other kinds of liens are imposed on the title by a court, a homeowner’s association, a tax department, etc. A lien clouds a title, impacting the deed’s marketability. It sticks to the title…
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When Lien Holders Demand Repayment: Who Has the Most to Gain by Foreclosing?
If you own a home, you can use it as collateral and borrow money. The lenders may then place liens on your title, representing that money you have to repay. The classic example involves taking out a mortgage against the value of a home you want to buy. You must repay the home loan, or…
