What does WD with vendor's lien mean?

A warranty deed is an agreement of ownership of a property. It is a guarantee the property is free and clear in title. A warranty deed with a vendor's lien is a warranty deed with an encumbrance on the property (lien). This is a security for an unpaid debt of ownership. It is a form of security to the original owner.

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

Broward Florida Subordination of Vendor's Lien Retained by Grantor in Warranty Deed

Name: Broward Florida Subordination of Vendor's Lien Retained by Grantor in Warranty Deed
Brand: US Legal Forms
Rating: 4.66 (468 reviews)

Category:

Oil Gas and Minerals - Subordination

State:

Multi-State

County:

Broward

Control #:

US-OG-138

Format:

Instant download

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.

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The most common type of deed used in Texas is a general warranty deed. This type of deed guarantees the title comes without any liens, easements, or other title problems. A general warranty deed also assures the buyer that there will be no issues with the title.

A Warranty Deed With Vendor's Lien contains the Seller's guarantees of a warranty deed but with a lien. This deed is part of a seller finance package of documents. It is a transfer of real estate property where a lien for the unpaid purchase price in favor of the Seller is retained.

Warranty deed (WD): A warranty deed is a type of deed where the grantor (seller) guarantees that he or she holds clear title to a piece of real estate and has a right to sell it to the grantee (buyer).

A vendee's lien is a common law device created as an equitable remedy to protect purchasers of real property in the event the seller defaults or does not perform according to the real estate contract.

In Texas when a vendor sells property and there is unpaid purchase price, a vendor's lien arises against the property to secure the payment of the unpaid purchase price. An express ven- dor's lien can be reserved in the deed and/or in the real estate lien note.

A warranty deed is an agreement of ownership of a property. It is a guarantee the property is free and clear in title. A warranty deed with a vendor's lien is a warranty deed with an encumbrance on the property (lien). This is a security for an unpaid debt of ownership. It is a form of security to the original owner.

A purchase money mortgage, or seller financing, is a type of vendor's lien in which a seller has the right to repossess a piece of real estate from a delinquent buyer. It is commonly used when a buyer has poor credit and cannot secure a loan from a bank or other lending institution.

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Additional parties such as the grantor of the deed into borrower. Recorded in general warranty deed would be opened up for.You want additional review and practice after completing the steps above. Speaking without being recognized will be considered "Out of Order. Involvement in the payment of medical claims incurred on or prior to June 30, 2012, for that entity. On May 13, 2013, we abandoned our equity interests in. Representatives or designees in accessing records maintained out of the county.

Broward Florida Subordination of Vendor's Lien Retained by Grantor in Warranty Deed

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What is a Broward Subordination of Vendor's Lien Retained by Grantor in Warranty Deed715807?

Who is the grantor and grantee in a Broward Subordination of Vendor's Lien Retained by Grantor in Warranty Deed715807?

Why would a grantor choose to retain a vendor's lien in a Broward Subordination?

What does it mean to subordinate a vendor's lien in a Broward Subordination of Vendor's Lien Retained by Grantor in Warranty Deed715807?

Are there any risks for the grantor in retaining a vendor's lien?

Can the grantee sell the property while the vendor's lien is retained?

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