When does a real estate lien expire?
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When does a real estate lien expire?
Recently, a lien was filed against my property by the home association. How long does the lien last for 1, 2 or 3 years? What will happen when the lien expires? Do I need to file a release of lien when it expires? Will it show on title search?
Asked on November 28, 2011 under Real Estate Law, North Carolina
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Depending upon the type of lien that is recorded on one's property, it can remain there for up to 10 years and subject to a 10 year renewal if the amount referenced in the lien is not paid in full and a full satisfaction is given by the person or entity that has placed the lien.
The lien that you are writing about is a lien that your association is allowed to record on your property is most likely allowed by the recorded covenants, conditions and restrictions recorded on your property and others in the association.
The lien recorded on your property most likely stems from unpaid association fees or dues. To get the lien released, you need to pay what the association claims is owed.
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