This Notice of Intended Sale form is used by an individual owner to give notice of a sale that is scheduled to a bona fide purchaser for value.
Notice Of Intended Sale In Missouri
Category:
State:
Missouri
Control #:
MO-14-09
Format:
Word;
Rich Text
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How to fill out Missouri Notice Of Intended Sale - Individual Owner - Mo.Rev.Stats. Sec. 429.016?
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FAQ
Intent to lien refers to a legal notification that a creditor plans to place a lien on a property or vehicle. This action typically serves to secure a debt repayment obligation. If you're selling a vehicle, understanding the concept of intent to lien is crucial as it may affect your title transfer process. For clarity regarding these matters, you might want to consider using resources from US Legal Forms, especially when dealing with a Notice of Intended Sale in Missouri.
The following are some of the defenses that an owner can assert when facing the threat of a lien filing: The mechanic's lien must contain a proper legal description; The lien must be filed and foreclosed on within the applicable statute of limitations periods; The mechanic's lien statement must be notarized;
A Missouri Notice of Intent is a critical step to secure your MO mechanics lien rights on private construction projects. This Missouri lien notice form is required to be sent by any potential claimants who did not contract directly with the property owner at least 10 days before filing a mechanics lien claim.
This notice is required if the work is intended to ?facilitate? a sale of the property to a ?bona fide purchaser?. This notice must be recorded at least forty-five days prior to the earliest date on which the owner intends to close on the sale of the property, and it must provide the closing date.
A notice of intended sale limits the amount of time that contractors have to file a mechanics lien on the property. Typically, they have six months from the date of last work, but a notice shrinks this time to a 45-day window before closing.