Satisfactory Or Satisfaction In Philadelphia

Category:

Real Estate - Escrow

State:

Multi-State

County:

Philadelphia

Control #:

US-00191

Format:

Instant download

Description

The Notice of Satisfaction form is a crucial document used in real estate transactions in Philadelphia, specifically within the context of escrow agreements. This form serves to confirm that all conditions outlined in the escrow agreement have been met, with the exception of specified liens which are addressed separately. The form authorizes the escrow agent to disburse funds to the seller, minus any applicable taxes, in exchange for the release of liens on purchased assets. For legal professionals, this form is essential as it ensures all parties involved are protected and obligations outlined in the agreement are fulfilled. Attorneys, paralegals, and legal assistants can effectively use this form to facilitate smooth transactions and maintain compliance with local regulations. Partners and owners will find it beneficial for documenting the satisfactory completion of conditions, making it easier for financial and legal records. Its straightforward structure allows for easy filling and editing, ensuring that users can complete it efficiently, even if they possess limited legal experience.

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FAQ

Judgements can become a first lien against a property. Lenders generally want to be first lien when it comes to mortgages. So yes, it will be deal breaker for most mortgage companies. I've seen mortgages get denied because of a $6000 judgement.

Certified Judgment can also mean a copy of a court judgment that has been stamped with the official seal of the Clerk of Courts. A certified document is given greater authority as genuine and can be trusted as official when used in other situations.

A common pleas court has legal authority over adult felony criminal cases, bigger civil cases, and all other cases not handled by another, more specialized court.

A certificate of judgment is a certificate made by the clerk of the court in which the judgment was rendered, with the seal of the court, which is usually much cheaper than an authenticated copy of a judgment. In some states, a certificate of judgment is a lien.

To make changes to an existing deed, a new deed must be prepared and recorded. If your spouse dies, and your name is on the deed, you do not have to change it. If you elect to change it, a new deed must be prepared and recorded.

Can I Transfer a Deed Without an Attorney? The state of Pennsylvania does not require an attorney, but we strongly recommend it.

Moving to Philly? With affordable housing, ample job opportunities, incredible arts and culture, and highly-rated universities—The City of Brotherly Love has become a top destination for people who want to live on the East Coast.

Consult an attorney to determine the most appropriate deed for your situation. Both parties must sign the deed in the presence of a notary public. The deed should include a legal description of the property, the names of the grantor and grantee, and any relevant encumbrances.

To add, remove, or change a name on a deed, have a lawyer, title company, or other real estate professional prepare the deed. Then, record the new deed with the Department of Records. Note: We recommend that you do not prepare a deed on your own. We also recommend that you get title insurance.

How can I obtain information about liens and judgments? Where can I obtain property tax information? You can obtain tax information from the Office of Property Assessment (OPA) 601 Walnut Street .phila/OPA or the Department of Revenue located in the Municipal Services Building., 1401 JFK Blvd, concourse level.