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dragnet lien (United States)—a lien that is enlarged to cover any additional credit extended to the debtor to the same creditor. environmental lien—a charge, security, or encumbrance on a property's title to secure payment of cost or debt arising from response actions, cleanup, or other remediation of hazardous substances or petroleum products.
Home equity loans are often used to finance major expenses such as home repairs, medical bills, or college education. A home equity loan creates a lien against the borrower's house and reduces actual home equity. [1] Most home equity loans require good to excellent credit history, reasonable loan-to-value and combined loan-to-value ratios.
Atrium Health placed these liens on thousands of patient homes to secure unpaid medical debts. Although legal, these liens allowed the hospital to claim payment if the homeowner sold or refinanced ...
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 ...
The new firm, Real Estate Title Insurance Company of Philadelphia, would "insure the purchasers of real estate and mortgages against losses from defective titles, liens and encumbrances," and that "through these facilities, transfer of real estate and real estate securities can be made more speedily and with greater security than heretofore."
Assessed value: The value of real estate property as determined by an assessor, typically from the county. "As-is": A contract or listing clause stating that the seller will not repair or correct ...
Understanding liens and encumbrances is important in real estate transactions. Grant deeds play a pivotal role in providing transparency about these potential obstacles and safeguarding the interests of both buyers and sellers. [1] The types of deeds that are now used to transfer real property are a relatively modern invention.
Some 11,500 liens on people's homes in North Carolina and five other states will be released, Atrium’s parent company, Advocate Health, said with some dating back 20 years or more.