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If Massachusetts is like most other states, the attorney who filed the lien on behalf of the association can provide you a total amount to pay, which includes the lien amount, the attorney's fee and the filing fee.
In order to lift or remove the lien, you must pay these amounts -- usually to the attorney, who will then distribute the funds to the association and keep his/her fee and expenses.
Once paid, the attorney can direct you in the process to follow so you can file a 'release of lien' document with the local court, thus clearing title to your unit.
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How can you clear a lien on your condo?
Pay off the lien and obtain a valid release that should be recorded in the land records.Pay off the lien and obtain a valid release that should be recorded in the land records.Pay off the lien and obtain a valid release that should be recorded in the land records.Pay off the lien and obtain a valid release that should be recorded in the land records.
Should condo rent amount be taken off the lien amount?
That will depend on what the lien is for. In most cases, paying the rent does nothing to liquidate the debt. If the lein is for the rent, then yes, it should reduce the amount, as long as the current rent is being paid.
If a condo management company places a lien on your condo will you be locked out of it?
First, the conodminium association placed the lien, the management company just did the paperwork. A lien is placed on your condo to make sure you can't sell it without the back debts being paid. It is done to protect the association. This is usually done when assessments aren't paid on time. If you have fallen behind on your payments, then the association can withhold certain services, possibly even turning off utilities (depending on your documents and state law), but can't lock you out of your home. They can, however, foreclose on your unit if assessments continue to go unpaid.
If you buy a car with a lien on it will the lien come off?
NO! BANK LIEN-PAY IT OFF. MECHANICS LIEN-PAY IT OFF. autolienservice.com
If I have work done on my house and can not pay will a lien help me?
A lien is not designed to help a homeowner. It is a contractors way of laying claim to some of the value in your home so that you can not sell it or refinance with out paying off the lien. In addition to the original dept you will be required to pay a lien filing fee (about $100) to clear this.
How do you keep your home if you have a lien on it?
Pay off the lien.Pay off the lien.Pay off the lien.Pay off the lien.
What if a property lien release is lost?
If the lien affects your land you must obtain a new original copy of the release and record it in the land records. You may be charged a fee for the replacement and there will be a fee for the recording.
IS THE LIEN PAYED OFF?
IS THE LIEN PAYED OFF
What happens to the loan when the condominium forecloses for assessments?
You'll need to be more clear about what's going on here. The "condominium" is a building. It can't "foreclose". The condo association can't "foreclose" on you either, since they don't hold title Only the title holder (i.e. your lending institution) can foreclose on the property.What the condo association can do is obtain a lien against the property. This is money you owe them, and if you try to sell the property, they're allowed to collect the amount of the lien out of the proceeds before you see a dime. If the lender forecloses on you, the lien from the condo association doesn't go away; you still owe it, but in this case the condo association will probably take you to court to recover it, most likely by garnishing your wages unless you have sufficient assets to pay it off.
When do you need to update a lien on property?
When the lien is transferred or the lienholder changes. When the lien is satisfied (paid off).AnswerYou need to check the statute of limitation and practice in your jurisdiction. For example, in Massachusetts a recorded judgment lien lasts for six years. The creditor needs to request an extension from the court that issued the lien and the extension must be recorded in the land records. If an extension is not recorded the original judgment lien simply expires after six years.
Is it possible to refinance a house with a lien attached?
Generally the lender will require that the lien be paid off with the proceeds of the loan.Generally the lender will require that the lien be paid off with the proceeds of the loan.Generally the lender will require that the lien be paid off with the proceeds of the loan.Generally the lender will require that the lien be paid off with the proceeds of the loan.
If you buy a car not knowing there is a lien on it from the previous owner how do you remove it off the title?
You need to find out if the underlying debt was paid. If it was paid you need to obtain a proper release from the lien holder. If it is not released then you need to pay off the lien and obtain a valid release of the lien from the lien holder. You should visit the DMV in your jurisdiction in person or online to determine its process for releasing a lien.The DMV will likely have a form to use. It must be endorsed by the lien holder and you must take or mail that release form, your current certificate of title and the fee to the DMV. It may be safer to do it in person.
