Allegheny Pennsylvania Subordination of Vendor's Lien Retained by Grantor in Warranty Deed

• Category: Oil Gas and Minerals - Subordination
• State: Multi-State
• County: Allegheny
• Control #: US-OG-138
• Format: Word; Rich Text

Description

If a person has purchased land, and the grantor in the deed reserves a vendors lien, that lien is superior to any subsequent grants by the owner of the land, including any oil and gas lease entered into at a later date. This form provides for the lien holder to subordinate a retained vendor's lien to an oi land gas lease on the lands that are the subject of the vendor's lien. Allegheny County, Pennsylvania is a county located in the southwestern part of the state. It covers an area of approximately 745 square miles and is home to a population of over 1.2 million residents. Among its many municipalities are the city of Pittsburgh, the county seat, and numerous townships and boroughs. In the real estate field, one common practice is the use of a warranty deed to transfer ownership of a property from a seller (granter) to a buyer (grantee). Within the Allegheny County area, there is a specific type of warranty deed known as the "Subordination of Vendor's Lien Retained by Granter." This subordination agreement refers to a situation where the seller retains a lien on the property being sold. It typically occurs when the seller provides financing or assistance to the buyer, and as a form of security or recourse, the seller retains a vendor's lien over the property until the debt is fully paid off. The subordination agreement clarifies the priority of this lien in relation to other encumbrances or liens that may exist on the property. There aren't necessarily different types of Allegheny Pennsylvania subordination of vendor's lien retained by granter in warranty deed, as it is a specific provision within a warranty deed, rather than a distinct category or subset. However, variations may exist within individual agreements based on the specific terms negotiated between the parties involved. Keyword phrases to consider for this topic include: 1. Allegheny County, Pennsylvania 2. Subordination of Vendor's Lien 3. Warranty Deed 4. Granter 5. Retained Vendor's Lien 6. Real Estate Transactions 7. Property Ownership Transfer 8. Encumbrances and Liens 9. Seller Financing 10. Debt Security in Real Estate It is important to consult legal professionals or real estate experts in the Allegheny County area for precise and up-to-date information regarding the subordination of vendor's lien retained by granter in warranty deed within this jurisdiction.

Allegheny County, Pennsylvania is a county located in the southwestern part of the state. It covers an area of approximately 745 square miles and is home to a population of over 1.2 million residents. Among its many municipalities are the city of Pittsburgh, the county seat, and numerous townships and boroughs. In the real estate field, one common practice is the use of a warranty deed to transfer ownership of a property from a seller (granter) to a buyer (grantee). Within the Allegheny County area, there is a specific type of warranty deed known as the "Subordination of Vendor's Lien Retained by Granter." This subordination agreement refers to a situation where the seller retains a lien on the property being sold. It typically occurs when the seller provides financing or assistance to the buyer, and as a form of security or recourse, the seller retains a vendor's lien over the property until the debt is fully paid off. The subordination agreement clarifies the priority of this lien in relation to other encumbrances or liens that may exist on the property. There aren't necessarily different types of Allegheny Pennsylvania subordination of vendor's lien retained by granter in warranty deed, as it is a specific provision within a warranty deed, rather than a distinct category or subset. However, variations may exist within individual agreements based on the specific terms negotiated between the parties involved. Keyword phrases to consider for this topic include: 1. Allegheny County, Pennsylvania 2. Subordination of Vendor's Lien 3. Warranty Deed 4. Granter 5. Retained Vendor's Lien 6. Real Estate Transactions 7. Property Ownership Transfer 8. Encumbrances and Liens 9. Seller Financing 10. Debt Security in Real Estate It is important to consult legal professionals or real estate experts in the Allegheny County area for precise and up-to-date information regarding the subordination of vendor's lien retained by granter in warranty deed within this jurisdiction.