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Therefore, it behooves purchasers and mortgage lenders to record their deeds or mortgages, respectively, to prevent this outcome. Once an instrument affecting the title to real estate has been recorded, the law holds that everyone is deemed to know of its existence, even if they have not searched the records in the recorder's office.
In that case, the filing must be made in the county where the property is located, usually in the recording office or county court, because that is where third parties are most likely to search for such record. In the case of a loan secured by personal property collateral, the filing of a financing statement gives notice of a lien against the ...
Mortgage application fees, paid by the buyer to the lender, to cover the costs of processing their loan application. In some cases, the buyer would pay the lender the application directly and prior to closing, while in other cases the fee is part of the buyer's closing costs payable at closing.
Covington County is the name of a couple of counties in the United States: Covington County, Alabama; Covington County, Mississippi This page was last edited on 28 ...
(The involvement of the county clerk or recorder in recording the necessary documents has been held to be insufficient to invoke due process, since they are required by statute to record all documents presented that meet minimum formatting requirements and are denied the discretion to decide whether a particular foreclosure should proceed.)
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Covington County was established on December 17, 1821. The Alabama state legislature changed the name to Jones County on August 6, 1868. Two months later on October 10, 1868, the original name was restored. [4] The county was declared a disaster area in September 1979 due to damage from Hurricane Frederic and again in October 1995 due to ...
Debt generally refers to money owed by one party, the debtor, to a second party, the creditor.It is generally subject to repayments of principal and interest. [9] Interest is the fee charged by the creditor to the debtor, generally calculated as a percentage of the principal sum per year known as an interest rate and generally paid periodically at intervals, such as monthly.