2007-02-28 10:17:57 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Only when the money owed is paid. They are securing a debt that the court is satisfied that you owe with your property. This prevents you from selling or refinancing the property without paying the lien.
2007-02-28 10:27:59 · answer #1 · answered by Insurance Biz CT 5 · 0⤊ 0⤋
Liens have to be released. That is why you need to be careful when paying off a lien in full. Always demand a written, notarized release.
They should record the release as well. However, it they don't, you always have their signed release and can record it yourself.
Also, depending on the lien order, they can foreclose on the property. Mechanics liens usually require foreclosure within one year if you want to recover your money, but don't automatically release if you don't foreclose.
Good Luck
2007-02-28 12:19:58 · answer #2 · answered by A_Kansan 4 · 0⤊ 0⤋
No, they do not. When you try to sell the house, the lien will have to be paid off before the sale can close.
2007-02-28 10:24:09 · answer #3 · answered by Faye H 6 · 0⤊ 0⤋
10 yrs
2007-02-28 10:22:14 · answer #4 · answered by Anonymous · 0⤊ 0⤋
no
2007-02-28 11:46:12 · answer #5 · answered by zocko 5 · 0⤊ 0⤋