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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, ...
That health system intends to cancel its oldest liens first. How long will the program remain in place? The requirements of the debt-relief program are expected to remain in place through at least ...
Now the hospital system will begin lifting those liens, Advocate said in an email. Removing the liens will require legal work, and it may take several months to cancel them all. The hospital ...
If the junior lien holder fails to object within the judicially established time frame, his lien is canceled and the purchaser's title is cleared. This effect is the same as the strict foreclosure that occurred in English common law of equity as a response to the development of the equity of redemption .
A federal tax lien arising by law as described above is valid against the taxpayer without any further action by the government. The general rule is that where two or more creditors have competing liens against the same property, the creditor whose lien was perfected at the earlier time takes priority over the creditor whose lien was perfected at a later time (there are exceptions to this rule ...
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.
choate lien (United States)—a lien in which the lienee, the property, and the monetary amount are established so that the lien is perfected and nothing else needs to be done to make the lien enforceable. [24] common-law lien—a lien arising under the common law, rather than by statute, equity, or agreement between the parties.
That health system intends to cancel its oldest liens first. How long will the program remain in place? The requirements of the debt-relief program are expected to remain in place through at least ...
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