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  2. Mortgage liens: What they are and how they work - AOL

    www.aol.com/finance/mortgage-liens-170517279.html

    Federal tax lien: The IRS can place a lien on your property due to failure to pay your federal taxes. This lien can cover your personal property as well as other real estate assets, any vehicles ...

  3. Foreclosure - Wikipedia

    en.wikipedia.org/wiki/Foreclosure

    Therefore, it is imperative the lender search local federal tax liens, so that if parties to the foreclosure have a federal tax lien filed against them, the proper notice to the IRS is given. A detailed explanation by the IRS of the federal tax lien process can be found. [14] [15]

  4. Mortgage note - Wikipedia

    en.wikipedia.org/wiki/Mortgage_note

    In the United States, a mortgage note (also known as a real estate lien note, borrower's note) is a promissory note secured by a specified mortgage loan. Mortgage notes are a written promise to repay a specified sum of money plus interest at a specified rate and length of time to fulfill the promise.

  5. Closing documents: A guide for homebuyers - AOL

    www.aol.com/finance/closing-documents-guide...

    The note documents the promise you made to your mortgage lender to pay back the loan. It includes details about the home as well as the terms of the loan, including repayment. Deed

  6. Deed in lieu of foreclosure - Wikipedia

    en.wikipedia.org/wiki/Deed_in_lieu_of_foreclosure

    The lender will likely not want to assume the liability of the junior liens from the property owner, and accordingly, the lender will prefer to foreclose in order to clean the title. In order to be considered a deed in lieu of foreclosure, the indebtedness must be secured by the real estate being transferred.

  7. Why You Should Be Checking for Liens on Your Property - AOL

    www.aol.com/why-checking-liens-property...

    But liens can often go undetected until a crucial time -- like when you're getting ready to sell your house. That's why it's important... Why You Should Be Checking for Liens on Your Property

  8. UCC-1 financing statement - Wikipedia

    en.wikipedia.org/wiki/UCC-1_financing_statement

    A UCC-1 financing statement (an abbreviation for Uniform Commercial Code-1) is a United States legal form that a creditor files to give notice that it has or may have an interest in the personal property of a debtor (a person who owes a debt to the creditor as typically specified in the agreement creating the debt).

  9. Does refinancing a mortgage affect your property taxes? - AOL

    www.aol.com/finance/does-refinancing-mortgage...

    A straightforward rate-and-term refinance, in which you simply swap your current mortgage for a same size loan, does not trigger any tax changes: Your property tax bill will not change.

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