Municipal Lien Search Research Paper

If you're struggling financially and having trouble paying your mortgage, you may find a field inspector knocking on your door. These inspectors verify that a home is occupied after its owners miss a mortgage payment. If you're still living in your home, the inspector won't perform an interior search. But if you've left your home behind, that inspector has the legal right to search inside your home to verify that you have indeed left the property. You may also encounter a filed inspector after filing a homeowners insurance claim.

If you need assistance determining the validity of a mechanics’ lien that was filed on your property, please contact one of the experienced southern California real estate and business attorneys at The Law Office of Ernesto F. Aldover as soon as

Investors often find lenders ' requirements for title seasoning an obstacle to selling their properties. Holding costs and declining market value can eat into profits. Leaving a house vacant can make it a target for vandalism. So... What is title seasoning? This refers to the length of time a person 's name has been on the title document recorded on a piece of real estate. Lenders ' underwriting guidelines vary as to how long a person 's name must be on title for a purchaser to buy an investor 's home or for the investor to refinance the property and cover his costs to rehab it. Why did lenders institute the title seasoning requirement? Can we say mortgage fraud? The scenario goes like this: Crook #1 buys a house for $100,000 in Week 1 and sells it to Crook #2 for $150,000 in Week #3. Crook #2 has his sister, brother-in-law, cousin Marvin appraise the property for $200,000 in Week #5 and in Week #6 sells it to Clueless Buyer who is so afraid of being priced out of a rapidly escalating housing market that she pays him a $25,000 premium over his asking price just to stay out of a bidding war. Problem is, Clueless Buyer is often a figment of some hot shot creative loan broker 's imagination trying to score a commission, points on the loan or the yield spread premium from the lender. After a few hundred of these scenarios, lenders wised up and wanted to believe they could stop property flipping (which is not illegal). Hey, it worked great - right up until about 2003. This is

26.1)Mechanic's Lien. Ironwood Exploration, Inc. (Ironwood) owned a lease on oil and gas property located in Duchesne County, Utah. Ironwood contracted to have Lantz Drilling and Exploration Company, Inc. (Lantz), drill an oil well on the property. Therafter, Lantz rented equipment from Graco Fishing and Rental Tools, Inc. (Graco), for use in drilling the well. Graco billed Lantz for these rentals, but Lantz did not pay. Graco filed a notice of mechanic's lien on the well in the amount of $19,766. Ironwood, which had paid Lantz, refused to pay Graco. Graco sued to forclose on its

Per Section 1038(a) (1)(2) and Reg §1.1038-1.(a) (3), seller can reacquire of the property because of indebtedness arouse from previous sale. Rich and Sheri reacquired the title of their house by this section code. § 1038(a) (1) (2) also implies that there will be no gain or loss from

A municipal lien search is a search to investigate whether any unrecorded municipal liens or debts, such as real estate property taxes, municipal and county debts, code enforcement violations, special assessments, waste, water, sewer balances, and open or expired permits exist on a residential or commercial property. A municipal lien search will also assist title agents, real estate attorneys, and financial institutions in removing the standard exception for service charges, special assessments, and waste fees from title insurance policies and help facilitate real estate

This case arises out of a foreclosure proceeding initiated in the Circuit Court for Baltimore City by substitute trustees Thomas P. Dore, Mark S. Devan, Gerard F. Miles, Jr., Shannon Menapace, and Erin Gloth (collectively, the “Substitute Trustees”), appellees. In the foreclosure proceedings, the Substitute Trustees filed an order to docket a foreclosure with respect to real property located at 3517 Woodstock Avenue, Baltimore, Maryland 21213 (“the Property”) owned by mortgagor Celeste Wenegieme (“Wenegieme”), appellant.

Red River Thrift and Loan Co. may argue that they have priority because first and second mortgages overrule judgment liens, unless the judgment lien is unpaid tax debt. Judgment liens are usually considered as junior mortgages compared to the first and second mortgage. Red River’s foreclosure would wipe out the Interstate Bank of Bastrop’s judgment lien against Phil Dunfee, and would clear any judgments attached to the title of the property. In other words, when a mortgagor forecloses, any judgment lien that was recorded prior to the mortgage would be

Please consider this cover letter as part of the attached Offer in Compromise, provided by our clients, Tindini P/L as trustee for M & D Wood Family Trust and Wayne Santini, on behalf of Jet Boats, USA, Inc. (“Jet Boats”). On July 27, 2017, the California Department of Taxation and Fee Administration filed a personal property tax lien against Jet Boat’s vessel named Bruce, Official Number 1253648, HIN MTF329511313 (the “Vessel”), for Jet Boats’ failure to pay a use tax after bringing the Vessel into the State of California. Our clients hold a $354,375 Secured Promissory Note (the “Note”) secured by a Preferred Ship Mortgage (the “Mortgage”) over the Vessel. The Mortgage, executed on June 8, 2014, is senior to your tax lien. (See T.M. Cobb

The Association is recording a lien against your property. We have enclosed copies of the Notice of Assessment Lien as well as a Request for Notice of a Mortgage Foreclosure by Advertisement and Notice of Redemption Reduction. These documents are being recorded with the County.

A lien is an encumbrance on a property to secure a debt the property owner owes to another person. A lien holder is the bank, finance company, credit union, other financial institution, or individual with whom you signed an agreement to borrow money using a particular asset. Lenders or lien holders lay claims to the property if the loan is unable to be repaid. Lien holders all lay claims to a property, but all liens are not created equal. It's risky to buy a property without making certain that there are no liens on the property. You may end up with nothing if you purchase a property with liens that worth more than its value.

But imagine for a minute if any financial burden (like a lien) is imposed on your property and at the same time you realize that it was never reported to you before nor does it exist in any official reports of the county where your house is located? What can protect you from such unexpected occurrence?

There are many homes in the U.S. owned by banks that have become vacant, and these houses

Title Company – Protects against future title claims and ensure that the home has a free title in order

Closing is the final step required to complete a real estate transaction. Depending on the location and type of property certain guidelines or requirements may apply, however, there are many common steps within the process. This paper will present the following terms and their relation to closing: mortgage, escrow, the preliminary report and inspection. Depending on the state guidelines, a closing can happen at a title company with an escrow officer or at an attorney’s office. Once a seller has officially accepted an offer they will agree on a closing date with the buyer. At the time of closing, property ownership is transferred to the buyer.