I have this $50,000 dollar lean on my home. I have been told after 7 years its goes away if I have not paid on it and the bank has not asked me for one cent. I want to get a 2nd mortgage on my home but my bank says I can't because of this lean on it. I obviously can't pay the $50,000 off so is it true about the 7 years?

Shannon

It depends on what the LIEN is for. If it is a debt It may never go away. Who is the lienholder?

There is no lien in the US that I am aware of that goes away after 7 years.

Not enough details of what type, what for to give any more answers

Liens do not go away after any length of time, unless paid. They are filed with the county and become part of your chain of title. Even if you sell the house, the lien will appear on your settlement statement and will be paid before you get any money. Most likely, you will end up paying to sell your house, unless you happen to have more than 50K in equity in it.

A real estate tax lien never expires. Federal tax liens expire after 10 years, but then they just record an extension.

The "7 years" rule applies to credit reports. And even with those, an institute can pay to list it again on your credit after 7 years, if they choose.