 |
Can you sell off acreage if it is on a lien I own 40 acres the house is on 20 acres and the other 20 acres is plotted ready to sell can I sell off the 20 acres? |
[Edit] |
Answer
The property is subject to a lien. The question isn't whether you can sell it. The problem is that the buyer won't buy the property as long as there's a lien on it. Your attorney will need to negotiate a partial release or a full release with the lienholder if you will pay off the lien, or half of the lien, out of the proceeds from the sale of the 20 acres. If you don't pay the lien in full and the lienholder agrees to a partial payment then the lien will still be an encumbrance on your remaining property.
First answer by Kluss. Last edit by Kluss. Contributor trust: 70 [recommend contributor]. Question popularity: 2 [recommend question]
|
Research your answer: |
- What if you just moved to a state and not employed?
- How you can get a degree in intlactual property right?
- How does a judgment against a insurance company work?
- I have opened saving account of my son before 7 yrs ago I signed as a gardian while account opening I hed deposied money from time in this account My son is now major but I don't want to add his n?
Answers.com > Wiki Answers > Categories > Law and Legal Issues > Business Law > Intellectual Property > Can you sell off acreage if it is on a lien I own 40 acres the house is on 20 acres and the other 20 acres is plotted ready to sell can I sell off the 20 acres?
Our contributors said this page should be displayed for the questions below. (Where do these come from ) |
| If any of these are not a genuine rephrasing of the question, please help out and edit these alternates. |
