Understanding the right of accountants to retain possession of property until debts are settled.
Understanding the concept of Bailee's Lien, its legal basis, types, applicability, and implications in various fields.
A comprehensive exploration of construction liens, their types, historical context, key events, mathematical models, importance, applicability, and more.
A first lien refers to a legal claim or hold on property, giving the holder the right to seize or use assets in case of non-payment, and it has priority over all other claims.
Lien Priority determines the order in which creditors are paid during a foreclosure process. Primary mortgages typically take precedence over secondary liens.
A Lien Release document confirms the removal of a lien from property once the related debt has been fully paid. It signifies the end of the lender's claim over the asset.
The act of releasing part of the property from the mortgage lien under agreed conditions.
A comprehensive overview of the Discharge of Lien, which refers to the order removing a lien on property after the originating legal claim has been paid or otherwise satisfied.
An estoppel certificate is a document by which the mortgagor certifies the balance and terms of a mortgage loan, preventing later disputes over the stated debt amount.
A Frozen Account is a bank account from which funds may not be withdrawn until a lien is satisfied and a court order is received freeing the balance. It can occur due to various legal disputes or requirements.
A general lien is a claim on all property owned by a debtor rather than a specific property, providing a broad and inclusive legal hold.
A comprehensive guide to understanding liens, including their types, special considerations, and applicability in securing debts.
Detailed Explanation of Lien-Theory States in Real Estate: Concept, Historical Context, Legal Applications, and Comparisons with Title-Theory States.
A lienholder is an individual or entity that possesses a legal interest or claim in a piece of property due to a lien. Liens are often used as security for the payment of debts, and the lienholder may have rights to take possession of the property if certain conditions are not met.
The Mortgagee is the entity that holds a lien or title on a property as security for a debt. Essentially, the mortgagee is the lender that provides the loan, secured by collateral.
A comprehensive explanation of the concept of Pledge, including its definition, types, historical context, applicability, and related terms.
The right to recover property transferred by a mortgage or other lien by paying off the debt either before or soon after foreclosure, also called equity of redemption.
Tax foreclosure is the legal process by which a taxing authority enforces a lien against property for the nonpayment of delinquent property taxes. This ensures the government recovers owed taxes, superior to other liens.
Explore the concept of a lien, its legal implications, and the three main types of claims against an asset: Consensual Liens, Statutory Liens, and Judgment Liens.
A detailed examination of voluntary liens, including their definition, how they function, types, examples, historical context, and implications for debtors and creditors.
