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The difference between vacate and satisfaction of a lien is the way in which it was surrendered. During a vacate of a lien, the creditor is releasing the lien on a loan, usually because of a full repayment. The satisfaction of a lien would be like a repossession for non payment to a creditor.
What else can I help you with?
Does satisfaction of lien pays the final judgment?
A satisfaction of lien is filed with the register of deeds after the last payment is made.
What is the Difference between a mechanic's lien and an artisan's lien?
Artisans lien is against personal property and is possessory. Mechanic's lien relates to real property.
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 difference between general lien and perfect lien?
The general lien refers to any type of security while a perfect lien refers to a specific type of security.
What is difference between attachment and lien?
There are many types of liens. An attachment is a type of lien generated by a court during the course of a lawsuit.
Where and How do you get a release of judgment lien form?
Generally, the release or satisfaction of lien must be issued by the court that issued the judgment. Take a copy of the lien with you and visit that court. They will explain the process for obtaining a release.Generally, if you paid the lien, the creditor is responsible for returning the lien to the court as satisfied.Generally, the release or satisfaction of lien must be issued by the court that issued the judgment. Take a copy of the lien with you and visit that court. They will explain the process for obtaining a release.Generally, if you paid the lien, the creditor is responsible for returning the lien to the court as satisfied.Generally, the release or satisfaction of lien must be issued by the court that issued the judgment. Take a copy of the lien with you and visit that court. They will explain the process for obtaining a release.Generally, if you paid the lien, the creditor is responsible for returning the lien to the court as satisfied.Generally, the release or satisfaction of lien must be issued by the court that issued the judgment. Take a copy of the lien with you and visit that court. They will explain the process for obtaining a release.Generally, if you paid the lien, the creditor is responsible for returning the lien to the court as satisfied.
What is the difference between transfer of lien and release of lien?
Release is just that -- No other party has interest or claim to property vs. Transfer which just changes the name of the lien holder and does not Release. hope this helps
What is the difference between a lien and a loan?
A lien is a legal claim on an asset as security for a debt, while a loan is money borrowed from a lender that must be repaid with interest.
What the difference between lieu and lien?
lieu means "place" as in "in lieu of" means "in place of" where lien means "hold". A person or company may put a lien on your property for monies owed them. They now have a stake on your assets.
What is the difference between lean vs lien in terms of property ownership and financial obligations?
The difference between lean and lien in terms of property ownership and financial obligations is that a lean refers to a claim against a property for unpaid debts or services, while a lien is a legal right to keep possession of property until a debt is paid off. Essentially, a lean is a type of lien that specifically relates to property ownership and financial obligations.
What is the difference between general lien and particular lien?
particular lien gives right to retain only such goods in respect of which charges due remain unpaid......whereas, general lien gives right to retain any goods belonging to another person for any amount due from him......
What is the difference between a lien and a mortgage?
A lien is a legal claim on a property to secure a debt, while a mortgage is a type of loan used to purchase a property, with the property itself serving as collateral for the loan.
