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Specific liens, on the other hand, apply to one specific asset. Mortgage liens, for example, are specific to the house you mortgage. If you were to default on the mortgage for your investment property, the bank could place a lien against that property, but would not be entitled to your primary residence.
vendees liena buyers lien on the purchased land as security for repayment of purchase money paid in, enforceable if the seller cannot or does not convey good title. vendors liena sellers lien on land as security for the purchase price (sometimes called an unpaid vendors lien).
A Notice of Completion is a document that establishes the official date that a construction project is considered complete. This is particularly important for parties involved in the project that have mechanics lien rights, because the Notice of Completion shortens mechanics lien deadlines.
A mortgage lien is a type of voluntary specific lien, used when a bank lends money to purchase or refinance a home. Mortgages are secured loans, which creates a mortgage lien on the property.
A mechanics lien is a legal claim against a home or other property. Mechanics liens are typically used by subcontractors and suppliers when they havent received payment for improvements they made to a property. They are a way to seek payment for the work done remodeling or improving a home.
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A Notice of Nonresponsibility is written notice that the person signing the notice (or the entity for whom the person is signing) will not be responsible for any claims arising from the improvement. Landlords use this notice to protect their property from mechanics liens when their tenants are doing improvements.
Its purpose is to notify you of persons or entities that may have a right to file a lien against your property if they are not paid.
Creditors come in two basic types: secured and unsecured. Although the amount of the debt may be the same, the remedies available to the creditor are very different. Secured creditors have a claim against a specific asset, whereas unsecured creditors do not.
A notice of non-responsibility is a legal document used by property owners in the U.S. to protect themselves from liability for nonpayment for services done to improve that property.
Liens that are imposed for unpaid property taxes, special assessments, and federal estate taxes have a priority right over other liens in the encumbered property. These are called superior or perfected liens.

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