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It is a deed which conveys real property to a buyer with a warranty of title and a warranty of no encumbrances, but reserves a lien in favor of the seller (vendor); the lien exists until the full purchase price is paid off, so the seller (vendor) has the right to take the property back (foreclose) is he/she/it is not paid in full. See a real estate attorney for further information.
Wiki User
∙ 16y ago
Wiki User
∙ 12y agoAny deed must be signed by the owner of the property in order to be valid.
Any deed must be signed by the owner of the property in order to be valid.
Any deed must be signed by the owner of the property in order to be valid.
Any deed must be signed by the owner of the property in order to be valid.
Wiki User
∙ 15y agoThat probably means that there is money owed to someone who has a lien on the property. If you purchase the property subject to a lien then you will have to pay the vendor's bill.
Wiki User
∙ 12y agoAny deed must be signed by the owner of the property in order to be valid.
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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).
Who owns the property with a warranty deed with lien covenant?
The grantee(s) in the most recently recorded deed (any type deed) is the new owner unless that deed conveyed less than a 100 percent interest. In that case, you would need to examine the land records to determine who all the present owners are.
What is a vendors lien?
A vendors lien is the right of a seller to retain the property till payment of the purchase price
Does Virginia recognize owelty liens?
Probably not. But, you don't really need one most likely as a Warranty Deed or even a Special Warranty Deed with a Vendor's Lien will accomplish the same purpose. If you are getting divorced and trying to pay the ex spouse their equity, check with the title agent. Then, your mortgage broker needs to understand the transaction and coordinate with the title agent so that the vendor's lien will be paid (rolled in) properly.
If you pay someones mortgage payments can you place a lien on the deed?
If you pay someone's mortgage you can place a lien on the property only if you have stated that condition in a properly drafted written agreement signed by both parties. If there is no agreement then you are a volunteer and have no legal standing to place a lien on the property.
Can a lien be put on a property deed if the deed has several different names?
Yes. The lien can be recorded against any one property owner's interest.
What happens if a Quit Claim Deed is executed and before it is recorded an Attorney Lien is recorded on the property even though the person owing the debt is the one who executed the quit claim deed?
The lien is valid. A quit claim deed merely transfers the seller's interest in the property; it doesn't guarantee that the deed is free of any encumbrances - for that, one needs a warranty deed.
Does a deed for property complete ownership if it hasn't been recorded yet in NJ?
No. Only you and the grantor know you own the property. You need to record your deed in the land records to notify the public that the land has a new owner. If someone records a lien against the record owner before you record your deed the land will be subject to that lien as long as your deed has not been duly recorded.No. Only you and the grantor know you own the property. You need to record your deed in the land records to notify the public that the land has a new owner. If someone records a lien against the record owner before you record your deed the land will be subject to that lien as long as your deed has not been duly recorded.No. Only you and the grantor know you own the property. You need to record your deed in the land records to notify the public that the land has a new owner. If someone records a lien against the record owner before you record your deed the land will be subject to that lien as long as your deed has not been duly recorded.No. Only you and the grantor know you own the property. You need to record your deed in the land records to notify the public that the land has a new owner. If someone records a lien against the record owner before you record your deed the land will be subject to that lien as long as your deed has not been duly recorded.
Can a vendor's lien holder foreclose on real estate property due to default in the state of Texas?
If you are the lien holder, and someone doesn't pay, then yes, you can foreclose. I handle around 50 foreclosures each month, in 3 separate counties in Texas. We use a Warranty Deed With Vendor's Lein, Deed of Trust, and a Promissory Note, then when our customers do not pay their note for a long period of time, then we foreclose on it.
Can a lien be removed if you take your name off the deed in Michigan?
The only way to remove a lien is to pay it off and get a release.
I want a tax lien list and tax deed sales list for Baxter County and Marion county in Arkansas. How can I get these?
How do I get a tax lien list and a tax deed list for Baxter and Marion counties in Arkansas?
What is A written claim to some piece of a property?
A written claim to some piece of property
