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Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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It depends on the type of lien. In Ohio, mechanics liens and tax liens expire but can be renewed. Mortgages don't expire but if the mortgage hasn't been paid for six years and the lender hasn't foreclosed, the lien is invalid.
Answered on Oct 27th, 2016 at 7:49 PM
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There are many types of liens and there are different rules for each type of lien. You are probably asking about a judgment lien against some property. A judgment in Oregon can last for 20 years from the date the judgment was entered and the lien remains on the property for that whole duration. Depending on the value of the property and whether it is your residence (homestead), you might be able to file a motion to void the lien in either state court or in bankruptcy court.
Answered on Oct 26th, 2016 at 7:32 PM
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Never if they're tax liens or voluntary liens. Otherwise they expire in 6 years unless renewed by the lien holder.
Answered on Oct 25th, 2016 at 7:59 AM
It depends on the type of lien and the type of property. A judgment lien will expire in 7 years, unless renewed. A voluntary lien, like a mortgage, deed of trust, or car loan may never expire. Most liens can be renewed before they expire, and so can technically, like a Vampire, live forever.
Answered on Oct 25th, 2016 at 7:59 AM
Bankruptcy Attorney serving Madison, WI
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Richard B. Jacobson & Associates, LLC
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You may be thinking of a particular class of property liens which you have not specified. For example a consensual lien such as a mortgage expires either when it is paid in full, or else when it is foreclosed. In some states, such as Wisconsin, a lien which arises because of a judgment against the owner, ordinarily expires after 10 years. Find an experienced bankruptcy lawyer; it's almost always a good investment.
Answered on Oct 25th, 2016 at 7:59 AM
Judgment liens???? In Colorado, it depends on which court issued the judgment - County or District court. There's a possibility they can be extinguished in a BK filing. You would be well advised to speak with an experienced BK lawyer. Any lawyer worth their salt will charge you for the consultation.
Answered on Oct 25th, 2016 at 7:58 AM