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
The meaning of a guarantee covers a legal and financially-binding agreement signed between three parties involved in real estate or financial transactions. In this document, typically ...
Tax-free exchange that allows a seller two years after escrow closes on his former principal personal residence to buy like-kind property and defer taxes. Profits from the sale of a ...
(1) Cash revenue from product sales or services rendered less cash expenses. It is different from accrual earnings. (2) The money available after deducting operating expenses and mortgage ...
House designed and zoned for one-family use. Other dwellings may be attached to a single family dwelling, but do not share the same plumbing, heating, or electrical system. Single family ...
Word, or group of words, that identifies a business or one of its products. The name is registered with U.S. Patent Office and provides legal protection for an indefinite number of renewals ...
In short, an overage means a surplus or an excess of money. An overage can present itself at a property at an auction where the asset has gone over the asking price. Suppose there’s a ...
Privilege of a real estate investor or lender to participate in the profitability generated from property. This is in addition to any principal, interest, or dividends. ...
Market Analysis in the Real Estate Market is basically research done concerning specific properties in relation to the overall current climate of the real estate industry. A good ...
Giving of a promise or guarantee to the receiver to instill confidence. ...
Have a question or comment?
We're here to help.