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Does a warranty deed with vendors lien need to be signed?
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.
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).
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 is A written claim to some piece of a property?
A written claim to some piece of property
Can a lien be placed on house after it is put up for sale?
Yes. A lien can be recorded against real property right up until the moment the new deed is recorded transferring the property to the new owner.Yes. A lien can be recorded against real property right up until the moment the new deed is recorded transferring the property to the new owner.Yes. A lien can be recorded against real property right up until the moment the new deed is recorded transferring the property to the new owner.Yes. A lien can be recorded against real property right up until the moment the new deed is recorded transferring the property to the new owner.
Indiana Tax sale property has a quitclaim deed?
Tax sale property has a quit claim deed. Any liens on the property, mortgages, from the previous owner will remain on the property. You would be responsible to pay off the lien or the lien holder would foreclose.
In Florida how can someone be added to a property deed does the lender need to be notified and what happens to the mortgage if one of the title holder's die?
You Will Have To Refinance To Add Her To The Mortage And Deed. The lien does not have to be refinanced in order to add someone to the title. A "Quit-Claim" deed will need to be filed to add (or subtract) someone from title. Any local title/settlement agency should be able to assist you with this for a fee. The current lien holder will not know about the addition of any persons to title and, technically, in the event of death the lien can be continued to be repaid (by your mother) without refiancing. * Please be advised Quitclaim deeds do not assure a warranty or covenant of ownership to the property. If the involved parties wish to assure that the property will be protected from probate and other action (such as creditors) upon the death of one of the owners, a warranty/general deed is the best option, preferably as Joint Tenants With Rights Of Surviviorship. It is usually not necessary to inform the lender as the property is secured collateral for the debt owed and the remaining deed holder's are responsible for the debt or reaffirmation of the lending contract to prevent foreclosure on the property.
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.
Can a seller transfer a deed to the buyer if a federal tax lien is against the property and can the property be settled?
NO. You cannot transfer the ownership of the property UNTIL the lien is paid off, in full.
Can a lien holder be given a quitclaim deed from the owner?
Yes the owner of the property may give the lien holder a quitclaim deed if they are unable to pay the note and wish to forfeit the property. This is often done to avoid forclosure.
Does a deed transfer negate a lien?
No. The purpose of a lien is to notify the world that someone has some type of claim against your property or some form of interest in it. The property would remain subject to the lien
Can you transfer a warranty deed with a vendors lien to a 3rd party?
Yes, a warranty deed with a vendor's lien can be transferred to a third party, but the terms of the lien must be considered. The transfer would typically require the consent of the lienholder, as the lien represents an obligation that might affect the new owner's rights. It’s advisable to consult a real estate attorney to ensure compliance with local laws and to understand any implications of the transfer on the lien.
