They said they need a lien release form but the bank that placed the lien on the car is now out of business. What can I do? I need my car as soon as possible. By anon207249 — On Aug 19, 2011 My father died in 2001. He received from the circuit court a mortgage from four...
Understanding a lien on a car means exploring the complex world of vehicle ownership. A lien is a legal claim a creditor has on a vehicle. It’s used as security for a debt. When you finance a car, the lender gets a legal right to it until you pay off the loan. About 20-30% of...
They said they need a lien release form but the bank that placed the lien on the car is now out of business. What can I do? I need my car as soon as possible. By anon207249 — On Aug 19, 2011 My father died in 2001. He received from the circuit court a mortgage from four...
Car sellers and buyers have different roles when it comes to lien release. Learn more about a lien release and how it affects the car buying process.
Property owners should always make sure that if a construction lien has been filed and the contractor or supplier has been paid in full, a construction lien release form is signed. The construction lien will remain in place until the release documentation has been filed to remove it from the ...
as promised, however, such as if the check is dishonored, the contractor is allowed to revive the lien against the property. The lien will then continue to give that contractor a security interest in the property. Therefore, the conditional lien release protects both the contractor and the ...
A“Lien Waiver & Release” is a legal instrument used in the construction industry to waive a party’s right to file a Lien, assert a Payment Bond Claim or seek money damages for improvements made or provided to a Property, in exchange for money paid, or to be paid to the party execut...
When it comes to legal paperwork, conditional release is a form that releases someone from liability, as long as certain conditions are met. A common example is a release that lifts a mechanic's lien. When people pay contractors, the contractors can provide a release to lift the lien on th...
A release of liability is a form agreement whereby one party waives his legal right to bring a civil law suit against another for any damages he may sustain as a result of the wrongful conduct of the other party. Binding Contract Since a release is a legal contract, to be binding it mus...
A lien is a legal claim or hold on a piece of property. A lien can prevent the property from being sold, so it is very important to...