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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.
What else can I help you with?
What is an owelty deed?
An owelty deed is a somewhat complicated creature in property law in some jurisdictions. See related link for more information about owelty deeds in Texas.An owelty deed is a somewhat complicated creature in property law in some jurisdictions. See related link for more information about owelty deeds in Texas.An owelty deed is a somewhat complicated creature in property law in some jurisdictions. See related link for more information about owelty deeds in Texas.An owelty deed is a somewhat complicated creature in property law in some jurisdictions. See related link for more information about owelty deeds in Texas.
What is an owelty lien?
After an unequal division of real property by a court, such as by a partition or divorce decree, sometimes a sum of money is paid to one of the parties to achieve equality. That sum of money is called owelty. A lien for that sum could be created by a court. That would be called an owelty lien.
If you have an existing judgment lien which has been abstracted can the lien attach to property which you will buy in the future?
yes, because the majority of judgments and liens attach to the person, not necessarily the land; however the liens do attach to any land owned by the person ==Clarification== Not all jurisdictions recognize priority of recorded judgment liens as to after-acquired property. In Massachusetts recorded federal and state tax liens affect after-acquired property, judgment liens do not.
Did Virginia first recognize Christmas as a Holiday?
virigina
Does Virginia recognize domestic partnerships or civil unions for same sex couples?
No, as of August, 2014, Virginia does not recognize civil unions or domestic partnerships of any kind.
Can liens be placed against residential property in Virginia for unsecured debts?
Yes, if the creditor sues the debtor and prevails in court.
Is a statutory lien an involuntary lien?
Yes. Statutory liens include tax liens, mechanic's liens, judgment liens, etc.
How many civil judgment liens can be placed on a piece of property?
There is no limit to the number of liens that can be recorded.There is no limit to the number of liens that can be recorded.There is no limit to the number of liens that can be recorded.There is no limit to the number of liens that can be recorded.
Classifications of liens?
There are few types: construction, security, tax, judgment, artisan... you should check your state statutes (lien laws) for the types of liens and the requirements for each. Most state statutes are available online.
Can one property have more than one lien against it?
The liens must be paid before the property can be transferred.The liens must be paid before the property can be transferred.The liens must be paid before the property can be transferred.The liens must be paid before the property can be transferred.
What is a special warranty deed with encumbrance for owelty of partition?
Texas (also see related link):4. Owelty of Partition LienOwelty of partition liens arise when there is an unequal division of co-tenancy property. For example, an unequal division of the homestead may arise in a divorce where the land on which the family home is situated is larger than the remaining portion of the land. Naturally, the house cannot be cut in half, so in such a scenario, the land may be partitioned unequally to keep the house intact. Without the unequal partition in such a case, the entire land would need to be sold and the proceeds divided up equally. Upon an unequal division, the co-tenant with the lesser valued portion of property is entitled to a lien against the other co-tenant for the difference in value received. Homesteads are not exempt from owelty of partition liens. Tex. Const. art. XVI, § 50(a)(3); Prop. Code § 41.001(b)(4).The answer to your question is that a lien against the property exists under the legal principal set forth in the section above. The lien must be paid when the property is sold or refinanced.
Who satisfies liens on foreclosed property?
The person responsible for the liens must satisfy the liens. When a home is foreclosed on, the liens are removed before the next buyer purchases the home.
