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Do liens increase over time? PA

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Bethy

Member
PA.

If a house has a few liens (1 being taxes), and a lot of time (10+ years) passes before the house sells, is the amt. of the lien the same as when it was put on or does it accrue interest?
 


HomeGuru

Senior Member
PA.

If a house has a few liens (1 being taxes), and a lot of time (10+ years) passes before the house sells, is the amt. of the lien the same as when it was put on or does it accrue interest?
**A: the face value of the lien remains the same as the amount at the time of recording but the payoff may be different due to interest, late fees, penalties, legal fees, court costs etc.
 

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