Important Tips you Need to Know on Property Liens.
Property liens are big businesses are looking on becoming and investment on itself, property liens basically are big businesses which is estimated to be at $37,260, 723 and 18 million of the total value is expecting to be sold.
in search of more stable investment, investors are looking at the current trend of property liens since they are turning to invest in liens more that the stock market.
The property lien is a simpler terms is the legal claim that is made to a property so as to offset the debt and can happen especially when someone defaults a loan and the two options to remove lien is to settle the debt or have it removed with the help of an attorney, see more about it here.
When someone defaults the loan repayment that is where property lien come in since the loan provider acts as the lien holder and will issue a go ahead when someone is unable to repay the loan.
To make a sale of your home, you must have the legal license and that is where the property lien comes to question, in addition it is possible to sell your home when at the lien so as to offset your debt.
You need to know how to clear with the lien property, the most obvious one is to have the debt settled by paying it off in full, next to remove a property lien is to settle with lien holder for more about lien ,check more details here.
This is because creditors are often most of the times willing to settle for less that the real amount owed, the third method is to get rid of the property and if the lien is filled in error and you can prove it you can file it to be corrected, see more about liens here.
You can have a situation when the lien was faced by the previous owners and even though they paid the settlement was not recorded and this can be corrected easily and you just have to prove change of ownership, see more about lien here.
The final method is to dispute the lien and this is done when the lien is filled incorrectly or when you find discrepancy, this is the toughest part that requires legal representation, see more about lien options here.
Property lien is a vast topic to cover as much as it is with real estate law, however when you are faced with property lien seek legal expert or consul professional real estate professionals for help, in addition, if you want to learn more on lien properties, see more about here.
Another way to get rid of an alien is to work on a settlement with a lien holder, mediation, arbitration to negotiations for instance the creditor may agree to lift the lien in exchange for better and higher monthly payments, see more about property liens here.