A lien is a legal right, or claim, to your property acquired by a creditor. The purpose of a lien is to hold a property item — it doesn’t have to be a house — as collateral for a loan or debt. If you ...
Lien rights can be one of a contractor's most important means of securing payment on any private construction project in North Carolina. Under Chapter 44A of the North Carolina Statutes, contractors ...
Too often creditors are faced with accounts that are seemingly uncollectable. If the debtor had money on hand to pay, presumably they would not have incurred the debt at all, right? Especially in the ...
I'm concerned that someone will put a lien on my property without my knowledge. Am I going to be notified if a lien is put on my property? If so, who will notify me? The town? The court? It looks so ...
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What Happens If There Is a Lien on Your Property?
A lien is a creditor’s legal right or claim to your property. The purpose of a lien is to hold a property item — it doesn’t have to be a house — as collateral for a loan or debt. If you don’t pay off ...
You might think you already know about any liens on a property you already own. However, the fact is they can lurk beneath your radar and pop up at the most inopportune times. Like when you’re getting ...
A property lien can be either general or specific and voluntary or involuntary. A mortgage lien is a specific, voluntary lien. The priority of the liens on a property determines which debt will be ...
Anyone who has been through a real estate transaction knows there can be hiccups along the way. While the professionals try their hardest to minimize surprises, sometimes they’re simply unavoidable.
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