I am trying to find a way to get this lein off this house is there a way theyc an still have one lein and then put another one on it what can we do and can they still take our house.
2006-10-01 08:36:52 · 3 answers · asked by Lisa M 1 in Business & Finance ➔ Personal Finance
Like "sexytro" said... A lien is simply a legal call for you to pay who you owe. YOU WILL PAY when your property is sold. Be a good person and pay who you own when you owe it and no troubles arise in life!
I have put liens on people and will continue... Till people pay me what I have coming... I do NOT want any ones house... I want what money I am owed by the owner of the property. It may be 40 years till that property is sold but MY LIEN will still be there and I will get paid or my heirs will !
Life is fair AND GOOD !
2006-10-01 11:02:03 · answer #1 · answered by Kitty 6 · 0⤊ 0⤋
I'm not an attorney, but I believe if you become late in making payments on a home loan, and the house is the security for the loan, then the loan creditor can force a sale of the home (foreclosure), take the money owed it plus attorney fees, sale costs, etc., and give you anything left over. If you ARE behind, try working with the loan creditor - most don't want the hassle of a forced sale and may give you more time or let you make extra payments on the back amounts due If you keep current payments on time.
A second option (not always good) is to refinance the house and get a new loan that covers the balance due including past due amounts. This lets you start over, but probably at a higher interest rate and with closing costs. If you don't make mortgage payments on time every month, you may not be a good risk for a new lender and may have a hard time refinancing.
As for someone putting another lien on your house, I don't think a creditor can do that without your knowledge, consent, and signature on documents. Of course, there are exceptions like court judgments against you, or if you haven't paid taxes and the taxing authority (city, state, or IRS) comes after you.
Good luck!
2006-10-01 15:54:39 · answer #2 · answered by Rainfog 5 · 0⤊ 0⤋
No one can take your house except for the bank.
A lien means that you owe someone money. When you go to sell your house, they will get the money you owe them from the proceeds of the sale.
2006-10-01 17:28:19 · answer #3 · answered by Anonymous · 0⤊ 0⤋