2007-03-16 16:50:58 · 5 answers · asked by patty120499 1 in Business & Finance ➔ Renting & Real Estate
why would they?
No, they don't. It's a more serious way a company has to make sure it gets it's money out of you.
2007-03-16 16:53:30 · answer #1 · answered by Anonymous · 0⤊ 0⤋
either you mean a foreclosure action as a "lien," or else you are referring to a different, standard, sort of a lien.
any lien is a demand for payment for work performed, for example, on your house, but which you did not pay the contractor for.
if you mean that type of lien, no way would it stop you from being charged late payment fees and interest charges!
else, if you mean that a foreclosure action has begun, no, whatever you mean by "lien" in that instance is not going to stop late fees and interest charges either.
you really need to elaborate more on this question. i cannot give my best to you with such scanty definitions.
2007-03-16 23:57:55 · answer #2 · answered by Louiegirl_Chicago 5 · 0⤊ 0⤋
Absolutely not. A lien is a legal claim or a "hold" on some type of property, whether personal or real property, making it collateral against monies or services owed to another person or entity. Basically meaning that another person or company has staked claim on your property.
2007-03-17 00:01:21 · answer #3 · answered by themligroup_com 2 · 0⤊ 0⤋
No they dont... Not only that...the lien on your property will accrue interest and penalty and if you wait 10 yrs to pay, that much more you will hve to pay... Of course some lien have a statue of limitations, i.e., IRS Tax liens have 10 yrs... Property tax liens on the other hand live for ever.... Dont play games with liens......it could cost you dearly.
2007-03-16 23:59:21 · answer #4 · answered by kalamity 3 · 0⤊ 0⤋
I have a land lien on me and the interest has definitely not stopped. It had stopped while the account was in collections, but is now 18% (from the date of the judgment onward until paid in full).
2007-03-17 00:34:40 · answer #5 · answered by Anonymous · 0⤊ 0⤋