Mechanic’s Lien
A mechanic's lien is a legal tool that protects contractors and suppliers by securing their right to payment for work or materials they provide on a property. It’s like a safety net ensuring they get paid for their contributions.
Special Assessment Lien
A special assessment lien is a legal claim against your property for unpaid local improvement costs. Understanding it is crucial for homeowners and real estate investors.
Water and Sewer Lien
A water and sewer lien is a legal claim against your property due to unpaid water or sewer bills. It's important to understand these liens because they can lead to serious consequences like foreclosure.
Municipal Lien
A municipal lien is a legal claim against your property for unpaid debts owed to a local government. It's important to understand them to protect your property rights.
Tax Lien Assignment
A tax lien assignment is when a government entity transfers its right to collect unpaid property taxes to a third party. Understanding this process is important for homeowners and those looking to invest in tax liens.
Tax Lien Portfolio
A tax lien portfolio refers to a collection of tax liens purchased by an investor, often with the goal of earning returns through interest or property acquisition. Understanding them can be crucial for both investors and property owners.
Quiet Title Action
A quiet title action is a legal process used to resolve disputes over property ownership and clear up any clouds on a title. It is often necessary to ensure you have full and legal ownership of your real estate.
Lien Subordination
Lien subordination involves changing the order in which creditors are paid back if a debtor defaults. It is typically achieved through a subordination agreement, which alters the priority of liens against a property.
Notice of Federal Tax Lien (NFTL)
A Notice of Federal Tax Lien (NFTL) is a public notice that the IRS has a legal claim against your property because you owe them taxes. It signals a serious tax debt issue.
Certificate of Redemption
A certificate of redemption is a document that proves you've paid off a tax lien on your property, restoring full ownership rights. It's a key piece of paper when you've had a tax issue with your home.