What is WD with vendors lien?

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.

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

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

Name: Montgomery Maryland 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:

Montgomery

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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How to fill out Montgomery Maryland Subordination Of Vendor's Lien Retained By Grantor In Warranty Deed?

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FAQ

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.

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.

Can you eliminate a vendor's lien? The easiest way to remove a vendor's lien is to pay it off. There are some liens that can be removed because of mis-classification and because of homestead law. Contact us to see if you are liens or judgments can be removed without payment.

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.

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.

In real estate, a grantee is the recipient of the property, and the grantor is a person that transfers ownership rights of a property to another person. However, the specifics of their transaction may vary depending on the situation. The official documents they use, such as a deed, detail their obligations.

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.

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.

More info

Get free access to the complete judgment in HUMPHREYS-MEXIA CO. v. Texas recognizes when a vendor's lien is reserved in the deed, that the vendor retains legal title in the property until the purchase price is paid.IC 32-17-1-4Lineal and collateral warranties; abolition. Sec. 4. When not recognizable as a warranty deed or quit claim deed, then all. Liens. 15.30. Judgment Liens. 15.40. Implied Vendor's Liens. Section Nine, a subdivision in Montgomery County, Texas, being 35. City Plume Superfund Site (Site) in Montgomery, Alabama Dated March 24, 2011. Montgomery County does not contract out administration of its Entitlement funds.

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

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