Home Lien

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Dictionary Says

Definition of 'Home Lien'

A legal claim placed on a home that makes selling the home, obtaining a mortgage or refinancing the property more difficult until outstanding financial obligations are met. A lien placed on a home is part of the public record in the county where the home is located, and can be filed by anyone who has a legal interest in the property. Common forms of liens include tax liens, mechanic's liens and judgment liens.
Investopedia Says

Investopedia explains 'Home Lien'

Home buyers have to pay special attention to the property they are looking to purchase, since existing liens can hold up the whole process and make it difficult to get refinancing. It is important to check the public record for a piece of property in order to see if it is encumbered. Even if the financial obligation causing the home lien has been taken care of, the public record may sometimes be out of date. This may result in a bank or lending institution holding off on a loan until they are certain that everything has been taken care of.
Search results for

'Home Lien'

  • Attention Home Buyers! Why You Need A Lawyer

    http://www.investopedia.com/articles/mortgages-real-estate/08/real-estate-attorney.asp
    ... Suppose a title search reveals that the seller must first pay a lien or outstanding
    court judgment before his or her home can legally be sold. ...

  • IRS Asset Seizures: Could It Happen To You?

    http://www.investopedia.com/articles/tax/09/enforced-collections.asp
    ... in our article How To Appeal Your IRS Audit.) Tax Levies If the IRS is not able
    to recover unpaid taxes with a lien, then the ... $30K Home Equity Loan, 5.74%, 5.77% ...

  • Buying A Home: Get Properly Insured | Investopedia

    http://www.investopedia.com/university/home/home9.asp
    ... 20% are considered higher-risk borrowers, the lender uses the impound account to
    make sure the home doesn't become uninsured or get a tax lien filed against it ...

  • Start Over With The IRS

    http://www.investopedia.com/articles/taxes/12/start-over-with-IRS.asp
    ... Furthermore, the lien withdrawals are only available for individuals and not businesses
    or other entities, and the program is ... $30K Home Equity Loan, 5.74%, 5.77% ...

  • Buying A Home: Go Through The Escrow Process | Investopedia

    http://www.investopedia.com/university/home/home8.asp
    ... deal because it can't be expected to have any prior knowledge of the home's condition. ...
    claims to the property other than the current owner's, such as a tax lien ...

  • Check Your Credit Report

    http://www.investopedia.com/articles/pf/07/credit-report.asp
    ... loans that the individual may have outstanding including personal loans, home-equity
    loans ... Should an individual or some other entity have a lien on your property ...

  • 7 Tips On Buying A Home In A Down Market Slideshow | Investopedia

    http://www.investopedia.com/slide-show/buying-homes-down-market
    ... In some cases, the property may be encumbered by a lien from a contractor, service ...
    title search if a mortgage is going to be taken out on the home, cash buyers ...

  • 7 Tips On Buying A Home In A Down Market Slideshow | Investopedia

    http://www.investopedia.com/slide-show/buying-homes-down-market/do-your-homework.aspx
    ... In some cases, the property may be encumbered by a lien from a contractor, service ...
    title search if a mortgage is going to be taken out on the home, cash buyers ...

  • 7 Tips On Buying A Home In A Down Market Slideshow | Investopedia

    http://www.investopedia.com/slide-show/buying-homes-down-market/negotiate-with-the-realtor.aspx
    ... In some cases, the property may be encumbered by a lien from a contractor, service ...
    title search if a mortgage is going to be taken out on the home, cash buyers ...

  • 7 Tips On Buying A Home In A Down Market Slideshow | Investopedia

    http://www.investopedia.com/slide-show/buying-homes-down-market/make-sure-you-have-clear-title.aspx
    ... In some cases, the property may be encumbered by a lien from a contractor, service ...
    title search if a mortgage is going to be taken out on the home, cash buyers ...

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