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realestate?

 
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Greg



Joined: 12 Oct 2005
Posts: 5
PostPosted: Tue Mar 21, 2006 12:41 pm    Post subject: realestate? Reply with quote
anyone know about a lien on ur property
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raringvt3020



Joined: 20 Feb 2006
Posts: 4
PostPosted: Fri Apr 07, 2006 2:22 pm    Post subject: realestate? Reply with quote
Yes I do. A lien on you property means that someone has a claim that you owe them money and you can't sell your house without paying them off. The lien is a claim made that attaches to the title of your house. I am not sure if it means you can't sell your house until it's paid or if the money they claim you owe them just comes out of the sale when a sale goes through. I am pretty sure you can't remortgage either.
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colarepublic



Joined: 27 Jun 2004
Posts: 5
PostPosted: Mon Apr 24, 2006 4:02 pm    Post subject: realestate? Reply with quote
Sometimes a lien comes as a result of not paying your taxes, and then if someone else purchases your taxes, they can take your property from you if you don't pay them the amount they ask for. Plus whomever purchases the taxes may charge attorney's fees, and 12% interest as a penalty. So the best thing is to pay your taxes and not eat, LOL, or so it seems.
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