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2. Lien waiver - Wikipedia

   en.wikipedia.org/wiki/Lien_waiver

   Owners should demand this release when they are paid in full. Some states allow an Unconditional Release upon final payment that is used to induce the final payment. 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.

3. Accord and satisfaction - Wikipedia

   en.wikipedia.org/wiki/Accord_and_satisfaction

   Accord and satisfaction is a contract law concept about the purchase of the release from a debt obligation. It is one of the methods by which parties to a contract may terminate their agreement. The release is completed by the transfer of valuable consideration that must not be the actual performance of the obligation itself. [1]

4. What is conditional approval in a mortgage application? - AOL

   www.aol.com/finance/conditional-approval...

   The final step is the closing itself, when the loan funds are distributed, and you’ll get your first payment statement. The journey from conditional approval to closing usually takes 1-2 weeks ...

5. Assignment (law) - Wikipedia

   en.wikipedia.org/wiki/Assignment_(law)

   An assignment does not necessarily have to be made in writing; however, the assignment agreement must show an intent to transfer rights. The effect of a valid assignment is to extinguish privity (in other words, contractual relationship, including right to sue) between the assignor and the third-party obligor and create privity between the obligor and the assignee. [1]

6. Contingent contract - Wikipedia

   en.wikipedia.org/wiki/Contingent_contract

   The contract is characterized as "contingent" because the terms are not final and are based on certain events or conditions occurring. [2] A contingent contract can also be viewed as protection against a future change of plans. [2] Contingent contracts can also lead to effective agreement when each party has different time preferences.

7. The truth about no-appraisal home equity loans: What ... - AOL

   www.aol.com/finance/what-is-a-no-appraisal-home...

   Major lenders are increasingly saying goodbye to traditional appraisals for their home equity loans and HELOCs. We take a closer look at no-appraisal home equity loans — and whether you need a ...