what is a lean on a house?

Question

city hall said that i could go there to find out certain info, and to find out if there is a lean o the house, what is a lean?

Answer 1

It's not a "lean" - it's a lien. A Lien is a legal claim against the property of another as security for the payment of debt. A lien gives the lienholder the right to sell the property to satisfy the debt if it is not otherwise paid. On the other hand, a lien is removed when a contract is paid. So you are being told to find out if any liens have been filed against the piece of property you are considering to determine if the Title is free and clear (of liens). If not, then the liens will have to be satisfied (paid) by you before you can have clear title.

Answer 2

It's a lien. It's when someone registers a claim to try and use some of the value of a house, or other asset, to make sure they get paid. For instance, if a roofer was hired to do a job and he wasn't paid as agreed, he can register a Lien so the owner can't sell the house without giving the roofer his money first. Auto mechanics often register Liens when they don't get paid for work they do on a car. This way they can hold the vehicle until the money is paid.
The registry office will let you know of any liens. You can always fight these liens in court if you think you're right. A judge can enforce or dismiss a lien.

Answer 3

The correct spelling is LIEN. A lien is a document that says if you sell your house or try to refinance in any way, you must pay the lien-holder first. If you are behind on your taxes, the IRS can put a lien on the house. If you have had any repair or remodeling work done, the contractor can put a mechanic's lien on your house. Go to the City Hall and find out what the lien is about, and then you will know who to deal with to get it removed. If it is a false lien, you can sue the person who placed it.

Answer 4

It's a LEIN, and what that means, it is actually owned by the people who loaned you the money to buy the house, such as the bank or mortgage holder. You are not the free and clear owner until the mortgage is paid in full. A lein can also be applied to your house if you owe money and it was applied in a judgement. Regardless, it is NOT good to not know who has leins on your house. Because that means they have certain legal rights, and if they wanted, they could make you sell your house, or they could foreclose to get their money.

Answer 5

Yes, our friend told exactly about lien!

but if u looking for lean in a house ,it is the foundation that house is make on it, like concrete, reinforced concrete and ....some new technology like damping systems against earthquakes.

NOW if u are going to buy a house please chose a house with good foundation

Answer 6

for example: you have a credit cared with Capitol One and you have a limit of 5,000. you used up 3,000 but havent paid them back yet. you refinance your home and notice there is a lean on the house. why? thats becus Capitol One put that there. that lean wont allow you to move on until you pay if off. so capitol one is making you pay that off. you pay off lean and your okay.
there are many other ways of having a lean on your house. ask a real estate agent. they know more. or a bank. dont stress. all things will be fixed and resolved.

Answer 7

lien, not lean.

If prior owner, or you - owes someone money and hasn't paid (like past taxes). That someone puts and registers the lien against the property, if it sells, then they get their money too.

Answer 8

That means if someone sues you for money and win, and you never pay them, they can put a lien on your property. So before you can sell it you would have to pay that person first. You wouldn't be able to until you take care of that person.

Answer 9

a LIEN is something a creditdor of irs can get on your house if you owe them money when you sell the house they recieve their money before you get yours

Answer 10

definite, a lien might want to correctly be placed on your position, yet in uncomplicated words after a court has granted them such an action. it truly is amazingly uncommon for a mastercard organization to placed a lien on your position because it may be very extreme priced for them to target this if no longer complicated. (it is truly uncommon for mastercard organizations to sue their borrowers - it is commonly more cost-effective for them to jot down off your debt and then promote it to a debt collector...inspite of the undeniable fact that it does happen). frequently, the regulation in uncomplicated words helps contractors who've executed artwork on the abode, state/federal organizations (because of owed taxes, newborn help, student loans, and so on.) and loan organizations to position liens on your position. the rationalization, so some distance as I are conscious of it, is that except you used your position as collateral for figuring out to purchase this credit, then there is little or no recourse for the court to position a lien on your position. even as a judgment is provided, you're frequently allowed particular exemptions, and your position is often one in all them as a lot as a particular quantity. even as you gained't ought to pay something in case you lose your case because of those exemptions, you've gotten difficulty promoting/refinancing your position till the lien is paid. no matter if a lien might want to correctly be 'bumped off' for the time of financial disaster is a state-of-the-artwork question and is no longer "black and white". There are numerous elements in touch. If the mastercard organization placed a lien on your position, it may be considered a judgment lien. they're commonly discharged in financial disaster if particular circumstances might want to correctly be met, and it varies by technique of state. yet i imagine it may be confusing for the mastercard organization to get a lien on your position, inspite of the undeniable fact that it is truly no longer no longer a possibility. on the grounds that you personal a house, it may be on your suited pursuits to borrow on your position fairness, pay off the $8000 and then pay off as right now as you may the borrowed fairness. Borrowing out of your position fairness might want to correctly be risky so merely be constructive you seem at each and each of the threat elements in touch. i imagine that it truly is major save your credit as extreme as a possibility pondering the present marketplace turbulence. back, i do not recognize the precise information of your difficulty. good luck.