VOLUNTARY                                                                         INVOLUNTARY

 

SPECIFIC:

 

                     Deed of trust, mortgage                                  Real Estate Tax

                      (Security for the financing or                         Lien created by state or local taxing

                       Refinancing of a property)                             authority. (City, State, County)

 

                    Mechanic’s Lien Contract                               Mechanic’s Lien (Affidavit)

                       Creates a lien on the property                     Asserts non-payment for repairs

                       for improvements. Released                       materials or labor                                                      

                       when contractor is paid

                      

                   Home Equity Security Agreement                   Home Owners Association Lien

                        Specifically worded deed of trust               Lien in favor of a home or condo

                        for home equity or home equity                  association for non payment of

                        line of credit dues or breach of restrictions

 

                   Owelty Lien                                                           Municipal Lien

                        Created to allow one spouse to                   Mowing, demolition, or repairs

                        to buy out the other during a divorce                                                                                                         

 

                                                                                                  Utilities

                                                                                                Included because in some cities if  

                                                                                                prior occupant left owing money,        

                                                                                                utilities will not be turned on unless

                                                                                                paid. This can be a ticking time

                                                                                                bomb because it does not show up

                                                                                                in the courthouse, nor will the title

                                                                                                company insure it

 

 

Non-Specific:                                                                         

                                                                                                  IRS Liens  

                                                                                               Did not pay Uncle Sam. There will  

                                                                                               be a lien recorded against an  

                                                                                               individual that will attach to all      

                                                                                               property                                      

 

                                                                                                 Abstract of Judgment

                                                                                               Court ordered obligation to pay. Be

                                                                                               careful with homesteads. May not  

                                                                                               apply. Ask an attorney.