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A deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings. The deed in lieu of foreclosure offers several advantages to both the borrower and the lender.
Michigan issues a salvage title when the damage equals 75-90% of the pre-damage value; if the loss is 91% or greater the vehicle is eligible only for a "scrap" title, which cannot be subsequently upgraded by any means. In Oregon, vehicles are determined to be Salvage title meet the 70% total loss value as state previously, as well as when a ...
Since animals are mobile and are thus capable of becoming lost on their own, the loss of property that is a valuable animal has its own set of rules. A valuable animal that becomes lost usually does so by leaving its owner's real property and arriving on another property owner's land; such an animal is legally termed an estray .
Reinstatement of removal may apply to aliens (people who not United States citizens or permanent residents) who satisfy all these conditions: [2] The alien received a prior order of removal (or deportation or exclusion). This may have been expedited removal, stipulated removal, or removal or deportation through regular court proceedings.
When a vehicle is financed, the certificate of title is normally held by the lender, who must release it to the purchaser once the balance is paid off. In some states, such as New York and Maryland, the transferred title is sent directly to that individual, but the name of the lender or lienholder appears on the title as well.
You may be able to take steps to get a new license after your old one has been revoked, including requesting approval from your state’s Department of Motor Vehicles (DMV) and paying fees, but ...
Properties that are sold on the basis of equitable title have a legal chain of title intact, and a recorded transfer with the local municipality. Legal title is actual ownership of the property as when the property has been bought, the seller paid in full and a deed or title is properly recorded. Equitable title separates from legal title upon ...
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