Legal Question in Real Estate Law in Utah
What is the difference between a lien and a notice of interest? We've been informed that a fiber optic provider we're interested in utilizing will place a notice of interest on our home until the line is paid off. What does this mean?
Asked on 5/05/11, 8:13 pm
1 Answer from Attorneys
Alvin Lundgren
Alvin R. Lundgren, L.C.
A lien is a document that shows a right to compensation. A notice of interest states that the filer has an undisclosed interest in the property. The fiber optic provider has an interest related to its cable, but is not claiming a specific financial interest, but may make the claim for the balance of the cost of the cable if you sell before the cost is paid.
Answered on 5/10/11, 7:54 pm