Can a Lienholder Foreclose on a Homeowner?

Answer A foreclosure is the enforcement of a lien, but whether or not a lienholder can proceed depends on state law. Homesteaded properties may be partially protected from creditors; however, foreclosures... Read More »

Top Q&A For: Can a Lienholder Foreclose on a Homeowner

Recovery by the Lienholder on a Homeowner's Insurance Claim?

When damage occurs to your home, it not only affects you and your financial situation, it also affects your mortgage company. While the mortgage company still has a lien on your property, it may ha... Read More »

If a homeowner pays for roofing repairs or other services in a condominium due to shortage of funds should the association reimburse the homeowner?

The key phrase in your question is 'shortage of funds'. If the association borrows money from its owners to make repairs, then the owners and the association need a written agreement that details ... Read More »

What is a lienholder deductible?

Answer Usually a lienholder (a bank, an individual party) requires that the vehicle you purchased from them to have automobile liability insurance. Usually, they want you to carry a $250 Collisio... Read More »

How to Change a Lienholder?

When you have a loan against your car, you may find it necessary to change the holder of your title at some point. The process of changing a lien holder will vary from one state to the next, but th... Read More »