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What is a property lien?

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What is a property lien?

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Property liens are defined as a charge on property to satisfy a debt or other obligation. An owner may agree to place a lien on real property in order to obtain mortgage financing to purchase the property. A lien on real property may also result from a debt of the property owner that is not directly connected to the ownership of the land.

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The existence of an overdue support obligation creates a lien on any and all real property owned by the noncustodial parent in Pennsylvania. ien information regarding overdue support obligations is available to the general public by contacting the county Domestic Relations Sections. 23. What is the Financial Institution Data Match Program? The Financial Institution Data Match (FIDM) Program is used to identify accounts held by noncustodial parents who owe overdue child support. A financial institution includes any bank, federal or state credit union, insurer, safe deposit company or money market mutual fund authorized to business in Pennsylvania. Once identified, these accounts may be subject to “freezing” and “seizing” by the county Domestic Relations Section (DRS). Accounts that are subject to freeze and seize include: demand deposit accounts, checking accounts or negotiable withdrawal order accounts, savings accounts, time deposit accounts, and money market mutual fund accounts. The

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The existence of an overdue support obligation creates a lien on any and all real property owned by the noncustodial parent in Pennsylvania. ien information regarding overdue support obligations is available to the general public by contacting the county Domestic Relations Sections.

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A property lien is a claim on someone’s property in order to secure repayment of a debt owed by the property owner to the person holding the lien. If the property is transferred by the owner to some other person while the lien is still in effect, the other person might have to pay that debt and be forced to go after the original owner to get his/her money back.

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The existence of an overdue support obligation creates a lien on any and all real property owned by the noncustodial parent in Pennsylvania. Lien information regarding overdue support obligations is available to the general public by contacting the county Domestic Relations Sections. Back to Question (E) 7.

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