Easily Hide Advanced Field in the Assignment Of Lien

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How to Hide Advanced Field in the Assignment Of Lien

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hey everybody this is attorney Kenneth Stevens from the law firm Stevens PLLC and today in 60 seconds or less Im going to give you three options to remove a lien okay so the first way that you can get a lien removed is actually my favorite way and thats my following a motion for summary lien removal after you file a lawsuit so lets say that somebody files a lien on you you go down follow lawsuits remove the lien and then after theyve been served within 21 days you can get a hearing to have the lien removed and so you get a order from the judge Santa the lien is invalid and that it should be removed okay so the second way to remove a lien is to actually bond off the lien Im actually a big fan of this route as well because it eliminates the pressure that you may have to just go ahead and pay the lien out a lot of times you have a general contractor or owner breathing down your neck saying hey you need to remove this link you need to get this taken care of if you bond it off the lien

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What is a MERS number?

MERS is an electronic system that assists in the tracking of loans, servicing rights, and security interests. To initiate the electronic tracking, the seller/servicer assigns a special MERS Mortgage Identification Number (MIN) to the loan and registers it in MERS.

What is Section 5 of respa?

(5) Assumption without lender approval. Any assumption in which the lenders permission is both required and obtained is covered by RESPA and this part, whether or not the lender charges a fee for the assumption.

Does MERS have an API?

When a loan is moved to a closing milestone, the LOS is triggered to initiate the MERS registration process. The API makes a call to MERS for batch updates. API receives a response from MERS which automatically updates the status in the LOS and the post-closer is notified of the MERS registration or transfer.

How do you record an assignment with Uspto?

The original owner should record the assignment or name change with the USPTOs Assignment Recordation Branch by filing a Recordation Cover Sheet along with a copy of the actual assignment or proof of name change.

What is mom in mortgage?

MOM Mortgage Loan means a Mortgage Loan where the related Mortgage names MERS as the original mortgagee thereof, as to which a MIN has been assigned, and which Mortgage has not been assigned to any other person; Sample 1Sample 2Sample 3.

What does mom stand for in real estate?

The Multiple of Money (MoM) compares the amount of equity the sponsor takes out on the date of exit relative to their initial equity contribution.

What does MERS stand for?

What is MERS? Middle East respiratory syndrome (MERS) is an illness that affects your respiratory system.

What does mom mean in MERS?

In the lending industry, these loans are known as MERS as Original Mortgagee or MOM loans. Why would your lender name MERS as the beneficiary or mortgagee? It saves time and recording costs. If a loan is designated as a MOM loan, lenders wont have to submit new assignments every time the loan is sold.

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