Regardless of whether it is for commercial reasons or personal issues, everyone encounters legal matters at some stage in their life.
Completing legal paperwork demands meticulous care, starting from choosing the appropriate form template. For example, if you select an incorrect version of the Motion To Avoid Lien Form With Attorney General, it will be declined when submitted.
With a vast US Legal Forms library available, you don’t need to waste time searching for the correct sample online. Use the library’s straightforward navigation to locate the right template for any circumstance.
Specific Lien ? A claim against a specific piece of property; only that individual property may be used to collect against the debt. Voluntary Lien ? A lien in which a borrower puts up their property as collateral for a loan. Involuntary Lien ? One used when the property owner did not give their express consent.
A common example of an involuntary lien is a tax lien. A tax lien is issued by the government when taxes are owed. If you avoid paying income taxes or property taxes on your home, the Internal Revenue Service (IRS) will file an involuntary lien to alert creditors that they have a right to your property.
A lien is an encumbrance that makes property security for the payment of a debt or discharge of an obligation. The Registrar-Recorder/County Clerk (RR/CC) serves notification by mail to debtors when an involuntary lien is recorded against them. An involuntary lien is a lien that a property owner did not sign.
Request a Release-of-Lien Form ? After paying off the balance of your debt in full, the creditor will file a release-of-lien form. This will act as evidence that the debt has been paid and will formally release the lien from your property.
Selling a house with a lien can get complicated, but it's still possible. You'll need to take steps to clear the title so you can transfer the property to the buyer.