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Hide Value Choice from the Affidavit Of No Lien

Hide Value Choice from the Affidavit Of No Lien and eSign it in minutes

Aug 6th, 2022

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How to Hide Value Choice from the Affidavit Of No Lien

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Hey everybody this is attorney Kenneth Stephens from law firm Stephens Reed Armstrong PLLC and today what I want to talk to you all about is understanding what you can put in your lien affidavit what can you recover for when it comes to filing a mechanics lien construction lien in Texas theyre calling the call now the reason I bring this up is because Im seeing a lot of people file their lien affidavits, not understanding that the only thing that you can include in the lien affidavit is you know work for labor and materials so you know theres a lot of extra stuff that Im seeing in the lien affidavit and the most popular thing Im seeing is when a person has had to retain an attorney they want to include the attorneys fees in the lien affidavit or maybe they had an attorney prepare the lien and then deliver it to them they want to include those fees or maybe some fees from a collection company and the rules are pretty clear that it has to be for labor or materials provided to the

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

What is the downside of a lien?

In short, a tax lien has a lot of negatives. It affects your ability to sell your property and limits the effectiveness of bankruptcy relief. It also hurts your ability to get credit and through prospective employer credit checks can even harm your chances of getting a new job.

What is an example of a lien?

For instance, you borrow a loan from a bank to buy yourself a car. The price of the car will be paid by the loan amount. This gives the bank the legal right to grant lien on the car.

What is a lien in simple terms?

What Is a Lien? A lien is a claim or legal right against assets that are typically used as collateral to satisfy a debt. A creditor or a legal judgment could establish a lien. A lien serves to guarantee an underlying obligation, such as the repayment of a loan.

Is a lien the same as a loan?

A loan is money secured from a lending institution. A lien is when you owe money or services and legal action is taken against you.

What is a lien in finance?

A lien is a claim or legal right against assets that are usually used as collateral to satisfy a debt. The creditor may be able to seize the asset that is the subject of the lien. Bank, real estate, and tax are three types of liens.

How do I release a lien in Indiana?

Releasing a Lien The individual lienholder must sign off in the proper lien release section on the certificate of title; The vehicle owner must obtain a lien release letter; or. The vehicle owner must obtain a general Affidavit State Form 37964 that is signed by the individual lienholder.

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