Property liens?

Question

Can a company that placed a lien on real property still charge late fees and intrest?

Answer 1

You are confused, a debt owed can charge late fees and interest. They have placed the lien to secure the debt. The fact that it has been made a lien has no relevance to its repayment terms. Now however, as costs rise and time grows the lien status can possibly cause a foreclosure action. Generally however they will remain as liens and grow until the property sells or is refinanced. Then they will be paid from escrow.

Answer 2

Yes, I think so.