2007-05-25 21:13:54 · 9 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
until you pay it off, either by paying off the lien yourself, selling the property, in which case the lien will be paid off with the proceeds of the sale, or if you die, then your estate will need pay off the lien. But once a lien goes on a property it needs to be paid to be removed. And you can't transfer a property to someone else without either the lien being paid off of the person who gets the property also gets the responsibility of the lien.
2007-05-26 03:46:02 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The lien is attached to the property until the amount of the lien is paid. In addition the folks that placed the lien must record a release. It is not uncommon for them to be much quicker at placing them than releasing them. So make sure that you get them to file the release.
2007-05-26 11:06:23 · answer #2 · answered by ? 6 · 0⤊ 0⤋
As you have posted this in the taxes section, i wonder if you are asking about a lien placed on your home by the IRS. If so, the lien lasts ten years but can be renewed. If you pay the debt off sooner, it will be removed at that point.
2007-05-26 10:05:07 · answer #3 · answered by skip 6 · 1⤊ 0⤋
Federal tax lien = 10 years, unless renewed by a judgment in favor of the government.
State judgement liens vary from state to state. Cal is 10 years.
Cal state tax lien is eternal.
2007-05-27 05:55:06 · answer #4 · answered by mattapan26 7 · 0⤊ 0⤋
A Federal tax lien lasts 10 years UNLESS it is renewed. Other types a liens usually last until the creditor releases them. They won't do that until the lien is paid.
2007-05-26 19:59:15 · answer #5 · answered by STEVEN F 7 · 0⤊ 0⤋
Until you pay off whatever the lein is for.
2007-05-26 04:16:01 · answer #6 · answered by Creative D 2 · 1⤊ 0⤋
Until You Pay it off.
Remember that it compounds interest as it stays there.
If you sell your house the lein will be deducted from the procedes with compounded interest.
2007-05-26 06:50:28 · answer #7 · answered by Anonymous · 1⤊ 0⤋
Forever, until it's cleared.
2007-05-26 12:10:24 · answer #8 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Yup, unitl you pay what u owe. Pay ur bills!!
2007-05-26 04:21:28 · answer #9 · answered by .:MELI:. 3 · 1⤊ 0⤋