What is a state property lien?

A property lien is a legal claim on assets that allows the holder to obtain access to the property if debts are not paid. A property lien must be filed and approved by a county records office or state agency.

Which of the following does the law recognize as the highest type of interest in real estate?

Terms in this set (40) is the highest interest in real estate recognized by law. fee simple ownership is absolute ownership: the holder is entitles to all right to the property. it is limited only by public and private restrictions; such as zoning laws and restrictive covenants.

Can a state tax agency levy a lien in another state?

Under the Uniform Enforcement of Foreign Judgments Act, a state tax agency cannot collect by lien nor levy in an another state without a court judgment in it’s own state. How they collect when they do not have a judgment is through unsettled jurisdiction issue.

Can a debtor place a lien on my property?

A debtor doesn’t have to agree to a lien on his property. A nonconsensual lien is liens placed on the property without his consent. For instance, one creditor is the county where the debtor lives. The lien, called a property tax, is legally placed on the property.

Can a credit card company place a lien on a house?

The creditor, like a credit card company or individual, can sue and obtain a judgment against the property owner. The lien against the property must be paid before the property owner can sell his house or building. Therefore, it’s important to talk to a real estate lawyer to find out how to fight or eliminate a lien.

When does a mechanics lien become a judgment lien?

The judgment itself forms the basis of the lien. If the award isn’t paid, then the judgment creditor can place a lien on the debtor’s property. A mechanics lien can become a judgment lien if the unpaid contractor enforces their claim. If the lienholder wins a foreclosure lawsuit, the mechanics lien is converted to a judgment lien.