Anyone know the answer to thisl.......... (6)
Roseblossumtown,, Ontario Canada44 Threads 293 PostsHow does a bank place a lien against property. Just wondering . Just want some research on this.
Any one can make a lien against any one else. I don't think you need proof that they owe you. That would be up to a judge. If you pay the court fees to file documents and you have s/n and or legal land discriptions, you can then place the lien. Same with the banks I believe. They have more power as they have SIN no's ect. Best to phone a lawyer for aadvice. Hope this helps.
So you don't notify the person , just go to court without notifying the person. Don't you have to serve the person first.
From my experience working at the bank...
Your documents that you sign (when securing a loan) serves as confirmation that you have allowed any given establishment the right to put a lien against your house, your car or personal belongings.
It is filed (and payed for) by the establishment initiating the lien. It is a simple enough procedure, and courts are not involved at this point unless there is a dispute over the lien or if the establishment decides to invoke their right to seize their lien.
Liens are removed generally when the loan is payed off as part of the closing paperwork...if not (and it happens), you have your own paperwork showing the loan payed as proof that the lien is no longer valid.
Your documents that you sign (when securing a loan) serves as confirmation that you have allowed any given establishment the right to put a lien against your house, your car or personal belongings.
It is filed (and payed for) by the establishment initiating the lien. It is a simple enough procedure, and courts are not involved at this point unless there is a dispute over the lien or if the establishment decides to invoke their right to seize their lien.
Liens are removed generally when the loan is payed off as part of the closing paperwork...if not (and it happens), you have your own paperwork showing the loan payed as proof that the lien is no longer valid.
wikked: From my experience working at the bank...
Your documents that you sign (when securing a loan) serves as confirmation that you have allowed any given establishment the right to put a lien against your house, your car or personal belongings.
It is filed (and payed for) by the establishment initiating the lien. It is a simple enough procedure, and courts are not involved at this point unless there is a dispute over the lien or if the establishment decides to invoke their right to seize their lien.
Liens are removed generally when the loan is payed off as part of the closing paperwork...if not (and it happens), you have your own paperwork showing the loan payed as proof that the lien is no longer valid.
Your documents that you sign (when securing a loan) serves as confirmation that you have allowed any given establishment the right to put a lien against your house, your car or personal belongings.
It is filed (and payed for) by the establishment initiating the lien. It is a simple enough procedure, and courts are not involved at this point unless there is a dispute over the lien or if the establishment decides to invoke their right to seize their lien.
Liens are removed generally when the loan is payed off as part of the closing paperwork...if not (and it happens), you have your own paperwork showing the loan payed as proof that the lien is no longer valid.
Can you change that picture please, it affected my concentration on the subject.
I don't know what to say now.
this was most helpful in liens against a person personally. Just bumping this is case someone has a lien against them.
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