Waiver Of Lien
Voluntary giving up of a right of a lien, usually on a temporary basis. The waiver may be explicitly stated or implied. An example is when a lender waives its right of lien against secured property of the borrower because of missed payments on a mortgage.
Popular Real Estate Terms
cash value or other consideration that can be received in a forced sale of real estate, such as that occurring in a foreclosure or when a company is going out of business. The liquidation ...
Individual renting a residential or office unit. ...
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