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re: I'm being sued - question
Posted on 3/18/24 at 4:23 pm to boudinman
Posted on 3/18/24 at 4:23 pm to boudinman
Sidebar Question : Are you automatically forced to sell a property with a lien on it. I’ve always seen worst outcomes of debt are liens on a property and that it can cost you once you sell said property. What if it’s your house you plan to live in for the next 20/30 years. The lien just sits there. Kind of seems inconsequential if you don’t sell.
2
Posted on 3/18/24 at 5:09 pm to HangmanPage1
accrued Interest
Posted on 3/18/24 at 5:17 pm to HangmanPage1
quote:
Sidebar Question : Are you automatically forced to sell a property with a lien on it.
Nope.
quote:
The lien just sits there. Kind of seems inconsequential if you don’t sell.
Depends on whether the lien filer timely filed suit on the lien (assuming we’re talking about mechanics/workman’s liens as being discussed in this thread). Once the applicable period has passed and the lien filer no longer has a valid claim, you can get the lien removed by the court and clerk if it’s a barrier to sale, obtaining credit etc.
Other types of liens last longer.
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