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It is an inherent vagary in the lien release law. In the United States , some states only use a conditional waiver on progress payment and an unconditional waiver on final payment. The mechanics lien process can be of great value to claimants in enforcing their claims, if done according to the laws of the various states, or the federal government .
A lien release simply refers to the creditor or lender removing, or lifting, the lien from the asset. This takes place when you pay off the debt. In the case of a mortgage, ...
A lien release, also known as a release of lien or a cancellation of lien, is a document that may be voluntarily provided by a lien claimant, such as a subcontractor, in exchange for payment or a promise of payment from a general contractor or a property owner. Negotiations may be tricky, as lien claimants generally want to be paid before they ...
The document used by lenders to obtain a lien on real property is a mortgage or deed of trust. The security agreement sets out the various rights the grantee will have with respect to the collateral, which are in addition to all other rights which the lender may have by law, such as those rights contained in Article 9 of the Uniform Commercial ...
Insurance is getting harder to find and more expensive in much of the country. Just ask homeowners' associations. Mirroring trends in the single-family home market, insurers are boosting premiums ...
UNITED NATIONS — The United States on Wednesday vetoed a U.N. Security Council resolution demanding an immediate cease-fire in the war in Gaza because it was not linked to an immediate release ...
A conditional sale is a real estate transaction where the parties have set conditions. [1] [2]A standard real estate transaction usually begins when a prospective purchaser submits an offer to purchase to the vendor of a property.
They had no freedom to change teams unless they were given an unconditional release. In the days of the reserve clause, that was the only way a player could be a free agent. Once common in sports, the clause was abolished in baseball in 1975.
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