Additionally, the court is authorized to order the seizure of funds in an owing spouse's bank account or place
a lien on the spouse's property.
Not exact matches
If you've received a loan offer, look for lender stipulations in the contract, such as whether you'll be required to have inspections, you or your
spouse must personally guarantee the loan, or there will be a general
lien on business assets.
In truth, states can already recover some Medicaid benefits by putting
liens on the homes of Medicaid enrollees after they (and their
spouses) die.
Experian's spokeswoman said a consumer's credit report contains four types of data
on the borrower: identifying information (including name, address, phone number, Social Security number, date of birth and
spouse's name), account history (individual credit account information such as the date opened, credit limit or loan amount, balance, monthly payment, payment status and payment history), data from public records (such as federal bankruptcy records, tax
liens, monetary judgments and overdue child support payments) and a record of inquiries into your credit history.
However, with a quit claim deed one
spouse may give up rights to certain property but not necessarily liability for any mortgage or
lien on the property.
Thus ordinary claims of either
spouse will not become a
lien on the title while it remains a tenancy by the entirety.
The
spouse in charge did not ay CRA / TAXES and now
liens on other sposuses personal vehicle.
The affidavit of title protects you so that if, after the title transfer, an issue pops up
on title connected to your
spouse you have an affidavit from them that you can utilize if you have to go to court to force them to remove the
lien.
The loan also becomes due and payable (and the property may be subject to a tax
lien, other encumbrance, or foreclosure) when the last borrower, or eligible non-borrowing surviving
spouse, dies, sells the home, permanently moves out, defaults
on taxes, insurance payments, or maintenance, or does not otherwise comply with the loan terms.
-- including a
lien on the stock of a cooperative housing corporation (a «co-op»)-- no lender can enforce its due -
on - sale clause due to any of the following prevalent circumstances: (1) The creation of a
lien (or other encumbrance subordinate to the lender's security instrument) that does not relate to a transfer of rights of occupancy in the property; (2) The creation of a purchase money security interest for household appliances; (3) A transfer by devise, descent, or operation of law
on the death of a joint tenant or tenant by the entirety; (4) The granting of a leasehold interest of three years or less * not containing an option to purchase (5) A transfer to a relative resulting from the death of a borrower; (6) A transfer where the
spouse or children of the borrower would become owners of the property; (7) A transfer resulting from a decree of dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the
spouse of the borrower becomes an owner of the property (8) A transfer of the borrower's property into an inter vivos trust in which the borrower is and remains a beneficiary and which [trust agreement] does not relate to a transfer of rights of occupancy in the property; or (9) Any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.