Notice Of Satisfaction Definition In Montgomery

State:
Multi-State
County:
Montgomery
Control #:
US-00191
Format:
Word; 
Rich Text
Instant download

Description

The Notice of Satisfaction is a legal document used in Montgomery to acknowledge that all conditions specified in an Escrow Agreement have been met, except for certain liens that are to be released upon payment. This form authorizes the Escrow Agent to disburse funds to the Seller, along with accrued interest, once the specified conditions are satisfied. Key features include sections to fill in the details of the parties involved, the specific liens, and the amount to be disbursed. To complete the form, users need to provide the date, the names of the parties, and any relevant financial details. It is intended for use by attorneys, partners, owners, associates, paralegals, and legal assistants in real estate transactions or financial settlements. The form ensures clarity in releasing obligations tied to the Escrow Agreement and helps streamline the disbursement process after conditions are fulfilled. It is crucial for any party involved in the transaction to understand their rights and obligations as outlined in the form.
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FAQ

Ask the Clerk for a small claim statement form, and be prepared to provide the following information to complete the form: The Plaintiff's complete name and address. The Defendant's complete name and address, of each person or business the Plaintiff's claim is. The amount of the Plaintiff's claim;

Typical small claims cases are: claim by a tenant to recover a security deposit, claim by landlord for unpaid rent or damage; claim by a buyer for defective merchandise; claims by a business for an unpaid bill; claims for minor damage in a car accident and claims for unpaid wages.

A claim cannot exceed $6,000 (not including any interest and 2. court costs claimed). The claim itself can be for at most $6,000, and counter- or cross-claims that may be filed can only be for $6,000 (each) or less.

Ask the Clerk for a small claim statement form, and be prepared to provide the following information to complete the form: The Plaintiff's complete name and address. The Defendant's complete name and address, of each person or business the Plaintiff's claim is. The amount of the Plaintiff's claim;

Any civil lawsuit exceeding the $15,000.00 limit must be filed in the Montgomery County Common Pleas Court. The Small Claims Division is designed for claims up to $6,000.00. The Civil and Small Claims dockets are heard by the court's magistrate on Tuesday of every week.

2 And given that, under Ohio law, judgment liens do not attach to after-acquired property, this should not really be a title company issue, assuming it is clear as a matter of record that the tax debt was discharged.

A judgment lien in Ohio will remain attached to the debtor's property (even if the property changes hands) for five years.

A judgment lien on real estate remains in effect for five years. You may not be able to collect a judgment right away through a judgment lien on real estate, but it will ensure that the property cannot be sold or refinanced within the next five years without dealing with your lien.

Ask the Clerk for a small claim statement form, and be prepared to provide the following information to complete the form: The Plaintiff's complete name and address. The Defendant's complete name and address, of each person or business the Plaintiff's claim is. The amount of the Plaintiff's claim;

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Notice Of Satisfaction Definition In Montgomery