Common Law Liens and Friendly Liens

andrewmitch · #1 09-22-2007, 08:54 AM

Based on my research and my goals (eliminate property tax and protect my assets from anyone and everyone) I think it will be necessary to have a Friendly Lien and Common Law Lien to at the very least protect the equity in my homes.

Friendly Liens, when done through a Neveda Legal Entity, seem mainstream and only cost a couple of hundred dollars. So I am fairly comfortable in pursuing this strategy. But if anyone feels otherwise or would like to add something please do!

Common Law Liens are tougher in terms of my being able to determine if they work or not. It seems as though there is some case law supporting it and it is relatively cheap to create one, but do they really work? Would you need a CLL if you already have a FL?

Finally, what about Liens in general? What is the pecking order here? My research indicates that the mortgage lien comes first then a Common Law Lien and/or Friendly Lien, and then any judgement lien including a Tax Lien. It would be nice to get feedback from group. Thanks!

KarenM · #2 09-22-2007, 10:29 AM

Liens, generally, apply in the order in which they were filed.

denise4554 · #3 09-22-2007, 05:40 PM

Now this is new! Where do I get more information? First I ever heard of this!

andrewmitch · #4 09-22-2007, 06:06 PM

http://www.freedomradio.us/Joomla/in...69&Itemi d=56

http://www.nevadaregistrations.com/liens.html

http://www.bulletproofasset.com/friendlylien.htm

These are good asset protection tools but must be filed properly...I think for the FL you can consult a lawyer but for the CLL a lawyer may not know how to help you or be willing to help you.

Let's hope others here have some experience and will share because I still need just a little more info!