FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018. By continuing to use this site, you are consenting to our Terms of Service and use of cookies.
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?
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.
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.