Lien Release
A written document terminating the terms of a lien through payment of all financial obligations. A lien release is given by the lienor, the one holding the lien, to the lienee, individual whose property is subject to the lien, as evidence of the lien's satisfaction.
Popular Real Estate Terms
Statement made verbally. It is better legally to have a written statement because verbal ones without witnesses may be denied. ...
Also called trust deed. A document that conveys title to a neutral third party during the period in which the mortgage loan is outstanding as collateral for a debt. ...
Same as term soil porosity: Extent to which soil has cavities or pores, thereby allowing water to pass through. ...
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Money payments to be delayed for a future date or extended over a period of time. ...
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Giving of a promise or guarantee to the receiver to instill confidence. ...
Recurring obligation or assurance given. ...

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