Is there a way to protect your property and avoid HOA or creditors from placing lien on your property?
2007-08-28 11:58:24 · 13 answers · asked by animeexplosion2000 1 in Business & Finance ➔ Renting & Real Estate
What if you incorporate or place your property in a trust. Is the property protected?
2007-08-28 19:01:41 · update #1
Paying all your legitimate debts is the only way. Every other method involves fraud and can bring criminal charges, increased legal fees and ony delay the lien. If a fraudulent lien is placed on your property, you are usually allowed to collect attorneys fees and costs if you have to go to court to get it straightened out.
2007-08-28 14:20:28 · answer #1 · answered by mcmufin 6 · 0⤊ 0⤋
Just like every other answer, PAY THE DEBT. Or they will put a lien. You will have to pay it, either when you sell the property, or when you refinance. It will show up on the title report, so you will have to pay no matter what. But payong it before you incur too many lates with save you some money. Call the people you owe to and work something out.
2007-08-28 12:07:15 · answer #2 · answered by icedcoffeeaddict 2 · 1⤊ 0⤋
Pay your debt or clear up the misunderstanding if there is some error. If you need more time to pay off the indebtedness then ask for it in writing giving a definite date when you will be able to make the debt current. They don't want to place the lien anymore than you want the lien.
2007-08-28 12:13:41 · answer #3 · answered by Othniel 6 · 0⤊ 0⤋
Following HOA rules and keeping tracks of all your monthly or installment payment to make sure there's no late payments, then you're fine.
Some HOA has the right to foreclose your house if you don't follow their regulations or even skip payments. So, you'd better watch out any notices (if any).
Other than those, you have nothing to worry about anyone placing a lien on your property.
2007-08-28 12:06:38 · answer #4 · answered by song bird 2 · 0⤊ 0⤋
I will have to go with the pay your debt group. Why shouldn't you have liens if you don't pay your debts?
2007-08-28 12:06:10 · answer #5 · answered by shipwreck 7 · 1⤊ 1⤋
Yeah, pay your bills and respond to all court summons's. Or, sell the property!
2007-08-28 12:02:24 · answer #6 · answered by linkus86 7 · 2⤊ 0⤋
Pay your debts.
2007-08-28 12:08:49 · answer #7 · answered by Anonymous · 0⤊ 0⤋
No, it's legal.
2007-08-28 12:23:33 · answer #8 · answered by dtwladyhawk 6 · 0⤊ 0⤋
Sure there is - just pay what you owe them.
2007-08-28 12:05:00 · answer #9 · answered by Judy 7 · 1⤊ 0⤋
Pay the debt.
2007-08-28 12:01:43 · answer #10 · answered by Mike1942f 7 · 4⤊ 0⤋