0
A vendors lien is the right of a seller to retain the property till payment of the purchase price
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
How do you get a vendor to sign over a vendors lien so you can refinance?
A "vender's lien" is a mortgage in favor of the person who sold the property to you.You must pay the lien.You must get the creditor to agree to subordinate their lien to your new mortgage.
What counties in Texas can use a warranty deed with vendors lien?
A warranty deed with a vendor's lien can be recorded in the public records in all counties in Texas (as well as in most other states).
What is a real estate vendors lien in Texas?
A real estate vendor's lien in the state of Texas is a type of lien put on a building project. If the contractor doing the work on a person's home defaults to his/her creditors, a lien can be put on projects that he has already completed or projects that are still in process. This means that the owner of the property where the project was done, has to pay the lien before they can sell the property. Then, the property owner has to sue to get the contractor to pay them back.
What are the implications of having a condominium association putting a lien on your condo home?
The association filed a formal lien with the court, on your condominium home -- probably -- for unpaid assessments.(Your monthly assessments pay bills to vendors who service the community, such as sewer, water, garbage, master insurance policy premiums, landscaping and so forth. When you don't pay your assessments, essentially you ask your neighbors to pay your bills.)The effect of the lien is that the title to your ownership is clouded. A lien can appear on your credit report. In order to sell your unit, the lien must be paid and the lien lifted.Read your governing documents to determine the steps that your board can take to recover the monies you owe, potentially including foreclosing on your unit in order to satisfy the lien.
Is Illinois a lien or a title theory state?
Indiana is a lien theory state.Indiana is a lien theory state.Indiana is a lien theory state.Indiana is a lien theory state.
Can you have a lien put on someones own home if they owe monies from another job site?
Mechanic's lien- no.Mechanic's lien- no.Mechanic's lien- no.Mechanic's lien- no.
What is the difference between a transfer of lien and release of lien?
A transfer of lien assigns the lien claimant's position in the lien to another party. A release of lien discharges the lien and makes it not appear on a title policy issued for the property.
What is the meaning of no vendors allowed?
no vendors allowed
Can a junior lien supersede a senior lien?
A junior lien can supersede a senior lien only if the senior lienor subordinated their lien in writing and recorded in the land records.A junior lien can supersede a senior lien only if the senior lienor subordinated their lien in writing and recorded in the land records.A junior lien can supersede a senior lien only if the senior lienor subordinated their lien in writing and recorded in the land records.A junior lien can supersede a senior lien only if the senior lienor subordinated their lien in writing and recorded in the land records.
What is an involuntary lien against my property?
An involuntary lien would be a judgment lien by a creditor, a lien for unpaid property taxes or income taxes, a demolition lien, a lien for unpaid common expenses or homeowners association dues or a mechanic's lien. Contrast that with a lien you granted in your property such as a mortgage which would be a voluntary lien.
IS THERE A LIEN ON IT?
is there a lien on this car
How do you spell lien?
lien
