Tuesday 9 March 2010

real estate tues 4

tax lien
fed or state or bus non-payment
essentially
http://en.wikipedia.org/wiki/Tax_lien

http://en.wikipedia.org/wiki/Special_assessment_tax

judg lien re loss of a suit
sum to plaintiff
http://en.wikipedia.org/wiki/Deficiency_judgment
an abstract of judgement
summary of jdgt to ct rec off have judg recorded
acknowledge
record judg lien
fm day of file jdg lien

priority over
valid for ten yrs
jdg lien

real propertty affected
probably collet jdgmt

coordinate old loan
lender get paid
escrow will  affect buyer if not meeted out
sellers equity

be aware
prelim title report

surmountable time
receipt of payment
unimpeachable witnesses
back up and prove

brokers under mechanic's lien
judgement liens
if i do not own real property
hire detective find bank acct

ten yrs to collect
if offshore

apear to have no assets then ten yr lien can be extended

bks on how to collect jdgmt
real prop and no payment and bnk acct w/money

execution lien at court---then valid for a year
http://law.scu.edu/FacWebPage/Neustadter/article9/main/commentary/5.html

sheriff seizes
sell at public sale
bring money
pay off mortgage then
mech lien and jdgmt lien
if any left owner gets

property owners typically vulnerable
easy targets

rather pay than have fire auction

dont have to wait nine years
waiting sheriff sell property

stonewalled
assets
execution lien only a yr

if no real prop and cant find pers prop (Bank acct etc)
cant collect

escrow wont close
you buyer dont want

satisfaction of  jdgmt
record to show jdg lien paid
http://legal-dictionary.thefreedictionary.com/satisfaction+of+judgment

check county recorders to check for liens
ask seller
prudent to ask

some sellers will not say
when you open escrow

attachment lien
sue someone
waiting for yrs for date in ct
post jdgmt
appealed

what is to keep prop owner fm selling to avoid lien
http://www.sos.ca.gov/business/ucc/attachment-lien.htm
hard to get
easier for commercial industrial prop
convince

and only for max amt jdgmt

sold and subject to 100000 lien aside in escrow by court
if house sells for a mill---

plaintiff may have sanctions or reverse

lis pendens
http://en.wikipedia.org/wiki/Lis_pendens
less difficult to get than attch still tough more flex

http://en.wikipedia.org/wiki/Writ_of_execution

No comments:

Post a Comment