Your creditors will be
notified of the lien, and your credit rating may be harmed.
When you submit the title change through the state, they will be
notified of any liens or holds on the car, so they can stop any transfers that may happen.
Not exact matches
Once the
lien is filed all
of your creditors will be
notified and the IRS will have claim to your property before any other creditor.
You will have had to
notify the owner within the first 6 months
of the
lien via registered letter, so there are a few more dollars
of costs to reduce your return.
Are you familiar with the rules in IL about the correct way to
notify the parcel owner
of the
lien on their property and the time frame in which you have to
notify them?
Florida Statute 720.401 specifies that anyone buying a home in a community with a homeowner's association must be
notified that they will be required to be a member
of the association, and that as a member, they will be asked to pay for things like assessments and fees (at the risk
of a
lien being placed on their property for failure to pay these sums).