Replace Line in the Assignment Of Lien

Aug 6th, 2022
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How to Replace Line in the Assignment Of Lien

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welcome back folks we gotta were gonna do this uh take two of the uh the claim of lean okay and im also going to talk about the the [Music] ucc ones and the ucc threes but remember were not using these uh its an option in the conditional acceptance to use them but it doesnt mean that were going to the only thing that i want to show these to you for is so you understand what uh uh what this is doing or what they did do as we use them uh more concerned about doing the uh the ucc3 because the ucc3 is a pretty good description of how youre going to set up your uh your assignment document when you get ready to assign these claims of lane these claims of lane the the conditional acceptance itself is a claim of lien so you can do that uh you can take and and and and actually monetize the claim of lien and uh go ahead and send that in but i would do this personally i would do this because it separates this its some some of you that watch the previous video on the same topic uh have hea

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Which lien usually would be given highest priority in disbursing funds from a foreclosure sale? The answer is real estate taxes due. Unpaid real estate taxes take priority when property is liquidated at a foreclosure sale. They are a statutory lien with priority over liens created by contract, such as mortgages.
Remember, tax liens always take the highest priority among other liens. If a mortgage lien exists on a property and a tax lien is created, the tax lien will take first priority even though it was created after the mortgage lien.
When you get a mortgage loan, the lender will likely include a subordination clause essentially stating that their lien will take precedence over any other liens placed on the house. A subordination clause serves to protect the lender if a homeowner defaults.
Mortgage liens usually take priority over any other lien except tax liens.
Simply put, lien priority in California is based entirely on who records their lien first. The first in time to record their interest gets priority over all subsequently recorded liens.
What is a Lien? The term lien refers to a legal claim or legal right which is made against the assets that are held as collaterals for satisfying a debt. A lien can be established by a creditor or a legal judgement. The purpose of the lien is to guarantee an underlying obligation such as the repayment of the loan.
Assigning Accounts receivables - In this method, the borrower assigns the receivables to a lending institution and may get a loan up to 100% of value. It differs from pledging in a sense it enables the lender to collect the receivables, but the title still lies with the borrower.
Judgment liens are the most severe kind of lien and can remain listed on your credit for up to seven years. These occur when a court grants a financial interest in your assets to a creditor.

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