Who Can Put A Lien On Your House?
You know what is the truest answer to “who can put a lien on your house”?
Yourself.
We’re not trying to be smart here; it’s the truth. Failing to pay up a debt is what gives way for a lien to be put on an asset like a house, so, a broad answer to who can put a lien on your house is “almost anyone”, but if you pay up everything correctly the answer becomes “no one” – doesn’t that mean that, in the end, the person responsible for putting the lien on the house is yourself.
But yes, we know what you mean by “who can put a lien on your house”. You’re not interested in knowing that the person who puts (assigns) a lien to the house is a judge either; you want some specifics of the most common people that sue and obtain a judgment lien, right?
The IRS is a big lien holder. And their lien is statutory (automatic). No need for your consent or a lawsuit; if you fail to pay a lot of taxes, they can record a lien to recuperate the value owed.
Contractors can put your house on a lien if you don’t pay in full. And here’s a scary thing: maybe you did even pay in full but the contractor skipped one payment to the subcontractors. The subcontractor can put a lien on the house even though you did your part!
Ex-spouses typically put liens on the house as a way to guarantee the money they are owed if you fail to pay for child support and alimony.
And, of course, mortgages. But this one is voluntary; you agreed to have a lien put on your house when you signed the mortgage papers – and they weren’t even fine lines…
Now that we answered who can put a lien on your house, let us say this: if you’ve passed the “who” and is wondering “how to stop a lien on your property”; get a real estate lawyer! You won’t stand a chance without it.
Popular Real Estate Questions
Popular Real Estate Glossary Terms
Sewer system built into the streets of a neighborhood that is capable of accommodating the excess water flow of a heavy storm without backing up or flooding. ...
method of land description that identifies a parcel by specifying its shape and boundaries. ...
An deir to an individual who died intestate and is entitled, under the distribution statute, to a portion of its proceeds. After all claims against the estate are satisfied, the ...
A situation that occurs when borrowed funds cost more than they produce. ...
Written agreement, guarantee, pledge, or promise annexed to the land between two or more parties to do or not to do something and is transferred to successive title holders. For example, in ...
Suppose you are a house hunter, buyer, seller, realtor, or investor. In that case, you've probably come across the term "Gross Rent Multiplier" or GRM. But what exactly is it? Let's shed ...
Device that places the ownership of real property with one or more trustees for security until the loan is paid by the debtor. It is used in place of a conventional mortgage contract in ...
Bond given by a building contractor to a public authority and guaranteed by a third party, usually a bonding company, that a contracted construction project will be completed within the ...
A saving bank owned by its depositors. They are mostly located in the northwestern United States and are an important supplier of real estate financing. All mutual savings banks are state ...
Have a question or comment?
We're here to help.