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Unfortunately for the purchaser, I believe that it is going to be. Some liens run with the property regardless of who purchases, or owns, it - "Mechanic's Liens" for instance. You really need to speak with a real estate attorney who is familiar with the law in your state.
What else can I help you with?
What is a default judgment in small claims court?
If one party in an action does not appear at the trial/hearing the court can make a default judgment. This judgment is binding unless overturned at a later date.
What is a the case summary of midland bank v green?
An estate contract which had not been registered as a class (iv) land charge was not binding upon a purchaser who knew about it and who provided consideration that appeared to be undervalue.
What is good whether highest binding energy or lowest binding energy?
Higher binding energy is preferred because it indicates stronger binding forces holding particles together. Higher binding energy results in more stable nuclei with lower potential for decay.
What the meaning of absolute deed of sale?
The definition of a deed of absolute sale is an agreement between a seller and a purchaser legalizing the purchase of property. It can be done in writing and it legally binding.
Is it okay for christians to get a tattoo?
It depends on whether you consider the commandments in Leviticus binding or not.
What factors determine whether a price floor is binding in a market?
A price floor is binding in a market when it is set above the equilibrium price, leading to a surplus of goods. Factors that determine whether a price floor is binding include the level at which the price floor is set, the elasticity of supply and demand for the product, and the presence of substitutes or complements in the market.
Can a judgment from an American binding arbitration on a NC homeowner affect or take out of state property and bank accounts?
Yes, a judgment from an American binding arbitration can potentially affect out-of-state property and bank accounts, but it typically requires the judgment to be recognized and enforced in the state where the property or accounts are located. This process often involves filing the arbitration award in a local court to obtain a judgment that can be enforced. Different states have varying laws regarding the enforcement of such judgments, so it's essential to consult with a legal professional familiar with the laws in the relevant jurisdictions.
A Contract is a legal instrument that defines the rights and responsibilities of?
A contract is a legally binding agreement that outlines the rights and obligations of the parties involved. It specifies the terms and conditions under which the parties are expected to perform and can be enforced by law if breached.
If there is a judgment on a repossessed car can you still drive it?
If the car has been repossed, it means the person who borrowed money from a bank to purchase the car has not met his obligation to pay and the car is now owned by that bank. When that bank re-sells that car, the sales amount is sometimes not sufficient to cover the loss to the bank. The bank may then take second recourse by filing for judgment against the original purchaser to recover the difference. A judgment is a court decision regarding (usually) a debt. So...if you bought the repo from the bank, you signed a new loan agreement which is your legally binding contract to repay the loan. That means you can drive the car as long as you pay on the loan. If the judgment is against the original owner, it has nothing to do with you. The judgment may be for the debt against that car, but you have a legal contract allowing you ownership. If the judgment is against you...and is on the repo'd car - it would have been physically taken from you and you wouldn't have access to it anyway, so of course you couldn't drive it. If none of these scenarios answers your question, then be a little more specific and you'll get a more specific answer.
Who pays the judgment on the peoples court shows?
In most people's court shows, the judgment amount is typically paid by the losing party in the case. However, the show often covers the judgment amount or provides a fund to cover it, ensuring that the winner receives their awarded sum regardless of the losing party's ability to pay. The shows operate under the premise that the judgment is binding within the show's context, but the actual collection of the judgment may vary in real-life scenarios.
How binding is a contract for deed if purchaser quits paying?
A contract for deed is a binding contract, and the borrower is obligated to make their payments. However, a few states have come to the conclusion that contracts for deed are a form of predatory lending (since a person can have been making their payments for 20 years, miss one payment, and then lose their house, regardless of the equity they've built up), and their validity has been questioned. The reason lenders like contracts for deeds is because it is much easier to take the property back if the borrower defaults - it's faster than a foreclosure and is not always a judicial process. It usually only requires giving notice that the terms of the contract for deed have been violated, and then the borrower can be evicted.
Would is a consent judgment?
A consent judgment is a legal agreement or court order that is approved by all parties involved in a lawsuit. It is typically reached when both parties agree to resolve the dispute without a trial, often outlining the terms of the settlement. Consent judgments are binding and enforceable by the court.
