Why do I have a general judgment lien on my house?

Why do I have a general judgment lien on my house?

A general judgment lien means that a general creditor is awarded a lien due to unfilled debt payments. Finally, a mechanic’s lien by a contractor means the contractor has a right to property that has been worked on if no payment has been received.

When does a creditor place a lien on a property?

A creditor may decide to place a lien on the property after all attempts to settle a debt are exhausted. This means the creditor has tried to contact the debtor to collect on the debt and has made no progress to settle what’s owed.

What to do if you have a lien on Your House?

The first way is to settle with the lien holder. The settlement process depends on the type of lien, who the lien holder is, and the value of the lien. In some cases, a lien holder may agree to remove the lien if both parties are able to come up with a suitable payment plan. Remember: A lien is tied to a piece of property, not the property holder.

Is there a second lien on my house?

To my shock, I was informed that B of A put a second or lien on my house, in the amount of $75,000 (the “forbearance”). I had no idea.

What happens if a lien is found on a property?

If a lien is found on your property for $15,000, your home sale won’t even cover the lien, which puts this sale in jeopardy. The first step to getting a lien removed from a property’s title is, of course, to pay the debt. But if you don’t have that option, all is not lost. Here are two options:

Can a judgment lien be placed on a jointly owned property?

Tenancy by the Entireties States. In states that recognize property ownership in the form of tenancy by the entireties, a judgment lien normally does not attach to jointly-owned real property at all. The only exception to this is if the creditor also took a judgment against both of you.

Can the federal government put a lien on your home due to?

This has nothing to do with the property being purchased with proceeds of the criminal act. This only has to do with the restitution part of your sentence. So generally the answer to your question is yes, the federal government can put a lien on your home that was not purchased from direct proceeds of your crime.

Can a lien show up in a title search?

Many people have liens on their real estate. Consider your mortgage—a lien that leverages the home as collateral for your mortgage loan. Other liens, too, can show up in a title search. Homeowners should know what kind of liens might attach to a home they already own, or a home they’d like to buy.