How do liens expire from a property? | AFX

How do liens expire from a property? | AFX


So how do liens expire from a property and how
do you identify that this is Dave at titlesearch.com a lien on the property may
automatically go away by statute it may expire after some period
time this is different based on the type of
lien some liens take a longer time to expire than others
based on the type of mechanics lien a tax lien even a municipal water lien
may have different priorities and may expire at different times so make sure
you understand that about your county in the statutes it also may be different based on when
the lien was filed the statutes may have changed so a lien that was filed in 1992 may have a 10-year
expiration date but they may have changed the laws in 2000 so that liens
after that date may only have a seven-year expiration so keep that in mind as well
understand that some liens may be reinstated so that if the creditor had a
lien there was about to expire or even did expire they may be able to reactivate it by
taking certain steps and doing new filings can the lien be redeemed
meaning that can the debtor can the person who owes the money
do something to pay part of it and have it reactivate on the property that
something that many times occurs also don’t be afraid to look at if that lien has replaced by another
one if the lean was clear from the property but remains
a debt to that person it may come back around and be an effective lien on their property
because it’s a file judgment in the county if that underlying debt is a judgment
against the owner it very likely attaches again by statute if you have questions
about liens and expirations or any other title records you can reach us at our website at
titlesearch.com

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