That means that is I sell my house, even if it is 70 years down the road I will have to pay you. But I can contest the lien, and if you don't respond, I don't have to pay.
2007-08-13 08:36:55
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answer #1
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answered by Anonymous
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It means when you sell the house, the person(s) who has the lien on your house will get paid what you owe them. The lien will then be satisfied. Any additional money from the sale will go to you (or the bank if you have a mortgage). If you pay them what you owe before you sell, the lien is cancelled. They want you to sell the house so they can get paid!
2007-08-13 08:41:01
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answer #2
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answered by TeddyBear121 3
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It means, when you try to sell your house, unless you sell it for enough money to pay off the lien or judgment, you are stuck. Part of the proceeds from the sale would go to satisfying the lien. It can actually prevent you from being able to sell your house, and you wouldn't be able to refi or get a home equity loan until you paid off the lien.
2016-04-01 09:20:37
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answer #3
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answered by Anonymous
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It means that to sell the house you have to satisfy the lien. It must be paid in full, not just a "share" of what you owe them.
2007-08-13 08:37:32
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answer #4
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answered by davidmi711 7
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It means that person claims you owe them money. A buyer cannot get a deed to the property unless you pay the debt or have some reason to get the lien removed.
2007-08-13 08:38:43
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answer #5
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answered by regerugged 7
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First you can dispute the validity of the lien and if its a debt you actually owe, you must pay it whenever you sell your house.
2007-08-13 08:40:06
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answer #6
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answered by Anonymous
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You will have to pay the amount of the lien, and then get a lien release to allow you to change title of the home.
2007-08-13 08:37:17
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answer #7
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answered by Anonymous
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