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In the mechanics lien process, a lien waiver is a document from a contractor, subcontractor, materials supplier, equipment lessor or other party to the construction project (the claimant) stating they have received payment and waive any future lien rights to the property (of the owner) for the amount paid.
A mechanic's lien is a security interest in the title to property for the benefit of those who have supplied labor or materials that improve the property. The lien exists for both real property and personal property. In the realm of real property, it is called by various names, including, generically, construction lien.
States that follow the lien theory of mortgages require judiciary foreclosure procedures, but allow deficiency judgments against the debtor, although some states have narrowed the time periods to seek a deficiency judgment. [2] It is important to note that there is a difference between a deficiency and a deficiency judgment.
Because the California statutes provide insufficient safeguards to assure that the debtor in fact executed a voluntary, knowing, and intelligent waiver, and because the debtor's opportunity to seek post-judgment relief does not cure the unconstitutionality of a judgment entered without a valid waiver, we conclude that the confession of judgment ...
Judgment lien: In the event you lose a lawsuit, the plaintiff could file a judgment lien until you pay the money the court awarded to the plaintiff. Collectors of credit card debt, outstanding ...
Public records show Muñoz’s company, MSTZO LLC — the same one slapped with a lien in Texas — paid Coffey’s firm $60,000 last year to lobby HHS and Congress on the Medicaid waiver, and ...
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