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.

US Legal Forms
Localized Forms
Pennsylvania
Philadelphia
Subordination of Vendor's Lien Retained by Grantor in Warranty Deed

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

Name: Philadelphia Pennsylvania 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:

Philadelphia

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.

On JudgmentOther than Wages, Salary, and C...

View this form

Trademark Security Agreement

View this form

Consent to Adoption by Unmarried Mother of...

View this form

Job Acceptance Letter for Teacher

View this form

Waiver and Release From Liability For Mino...

View this form

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

Laws and regulations in every area vary from state to state. If you're not an attorney, it's easy to get lost in countless norms when it comes to drafting legal documentation. To avoid costly legal assistance when preparing the Philadelphia Subordination of Vendor's Lien Retained by Grantor in Warranty Deed, you need a verified template valid for your region. That's when using the US Legal Forms platform is so advantageous.

US Legal Forms is a trusted by millions web library of more than 85,000 state-specific legal forms. It's a great solution for professionals and individuals looking for do-it-yourself templates for different life and business occasions. All the forms can be used many times: once you obtain a sample, it remains available in your profile for future use. Therefore, if you have an account with a valid subscription, you can just log in and re-download the Philadelphia Subordination of Vendor's Lien Retained by Grantor in Warranty Deed from the My Forms tab.

For new users, it's necessary to make a couple of more steps to obtain the Philadelphia Subordination of Vendor's Lien Retained by Grantor in Warranty Deed:

Analyze the page content to ensure you found the right sample.
Use the Preview option or read the form description if available.
Search for another doc if there are inconsistencies with any of your criteria.
Click on the Buy Now button to obtain the template once you find the right one.
Choose one of the subscription plans and log in or sign up for an account.
Choose how you prefer to pay for your subscription (with a credit card or PayPal).
Pick the format you want to save the file in and click Download.
Complete and sign the template in writing after printing it or do it all electronically.

That's the simplest and most cost-effective way to get up-to-date templates for any legal purposes. Find them all in clicks and keep your paperwork in order with the US Legal Forms!

Form Rating

4.66

Satisfied(468)

Form popularity

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. It is a form of security to the original owner.

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.

Both a warranty deed and deed of trust are used to transfer the title of a property from one person to another. However, the difference between these two contracts is who is protected. As you now know, a deed of trust protects the beneficiary (lender). A warranty deed, on the other hand, protects the property owner.

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 special warranty deed guarantees two things: The grantor owns, and can sell, the property; and the property incurred no encumbrances during his ownership.

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.

Interesting Questions

More info

Originally "strict," with the lender simply retaining title to the land if the borrower did not redeem prior to foreclosure. A warranty deed is construed to include all the estate, right, title, interest, property, claim, and demand of the grantor, in law and in equity (21 P.S. 3).In the UCC legislation adopted in South Carolina as Act 1065 of 1966. Commonwealth Title Company of Philadelphia, Phila- delphia, Pennsylvania. (PHILADELPHIA PERFORMING ARTS: A STRING THEORY CHARTER SCHOOL PROJECT). "Abandoned property" in a legal sense is that to which owner has relinquished all right, title, claim, and possession, but without vesting it in any other. Property assets in the United States, Australia, and New Zealand. The overall right of retention. 87. The English possessory lien. 89.

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

Description

Related forms

Viewed forms

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

Show more info

Form Rating

Form popularity

FAQ

What does WD with vendor's lien mean?

What is the purpose of a vendor's lien in Texas?

What is the difference between a warranty deed and a deed of trust?

What is a general warranty deed in Texas?

What is a general warranty deed with vendor's lien Texas?

What is a warranty deed with a vendor's lien in Texas?

What does WD mean in deeds?

What does the grantor promise in a special warranty deed?

What is another term given to a vendor's lien?

Interesting Questions

What is a Philadelphia Subordination of Vendor's Lien?

Why would a grantor retain a vendor's lien?

How does a Philadelphia Subordination of Vendor's Lien work?

Who benefits from a Subordination of Vendor's Lien?

Does a Subordination of Vendor's Lien affect the buyer?

Can a vendor's lien be released or satisfied?

More info

Trusted and secure by over 3 million people of the world’s leading companies