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    mya248's Avatar
    mya248 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 8, 2007, 06:23 PM
    Liens on divorce property
    I have a real estate lien on a property in Oregon, from a divorce. If my ex-husband dies does the lien still stand?
    Also, how do I figure the interest rate on the $10,000 lien at 9% annum for 5 years?

    Thank you
    Debbie
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Apr 8, 2007, 06:33 PM
    A lien is an encumbrance on a property that prevents it from being transferred to a new owner until the encumbrance is paid. Generally a lien is for a specified amount and doesn't gain interest. If the owner dies, the lien still remains in effect.
    Cvillecpm's Avatar
    Cvillecpm Posts: 553, Reputation: 28
    Senior Member
    		  
    #3

    Apr 9, 2007, 08:20 AM
    $10,000 x.09 x5 = $4,500 simple interest NOT compounded
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