Your spouse has a lien or bank levy against them for an unpaid debt and creditors are insisting that you are also responsible for their debt. Are they right? When determining if you are responsible for the debt of your spouse, ask yourself these questions: [Read more…]
Understanding Mechanic’s Liens
When you are remodeling or building your home, a mechanic’s lien is a guarantee of payment to the laborers and firms that were involved in the construction. Like other liens, they act as security for the party with whom you’re doing business. It stays in place on your home until the project is finished and all of the necessary parties have been paid. [Read more…]
What is a Lien?
As a homeowner or home buyer, you’ve probably been warned about liens and what they can mean for you. But what is it exactly? Here’s what you need to know:
Liens Act as Security
The main function of a lien is to ensure security for a party with whom you owe a debt. For example, say you didn’t pay your property taxes. [Read more…]
