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
The right to recover property taken away by foreclosure by paying the lender the total amount owed plus foreclosure costs. The right of a debtor in bankruptcy to recover personal ...
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Process of simultaneously appraising several pieces of property. Normally, occurs when a local government conducts a reassessment. ...
Authority given by a municipality to perform specified operations in a certain zoning area. Conditions are sometimes attached by the zoning group. An example is permission to have a ...
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Personal property or real property that are passed on to heirs upon one's death. ...
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