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A lien satisfaction letter should include the following information: -The name and contact information of the creditor. -The name and contact information of the debtor. -A description of the debt that has been paid and released. -The date and amount of the debt payment.
How to File a West Virginia Mechanics Lien | A Step-by-Step Guide Get free mechanics lien form. Property owner information. Your information. Hiring party's information. General contractor's information. Description of labor or materials. Description of the property. Contract price and amount unpaid.
A lien is a legal claim on an asset that is usually used as collateral to pay a debt. Liens are applied to a vehicle title when you first purchase it unless you pay the full cost with your own funds. A lien may also be placed on a vehicle if you refinance it.
A judgment lien is created automatically on debtor property that's located in the West Virginia county where the judgment is entered. For property in other West Virginia counties, the creditor records an abstract of judgment with the clerk of the court in the county where the property is located.
Protect Yourself With a Release of Lien (Lien Waiver) Fortunately, it's a simple process. A Lien Waiver is similar to a receipt. It basically states that you've paid the subcontractor what is owed, they accept the payment in full, and they waive the right to put a lien on your property.
FILING AND SERVING THE West Virginia MECHANICS LIEN ing to the mechanics lien law, after your notices are served timely the lien must be filed in the county recorder's office in the county where the property is located.
How does a creditor go about getting a judgment lien in Virginia? To attach the lien, the creditor records the judgment on the county recorder's lien docket in any Virginia county where the debtor owns property now or may own property in the future.
In West Virginia, contractors, subcontractors, and suppliers of labor and/or materials by virtue of a contract with the property owner, or a contractor or subcontractor under such contract on a project to build, erect, construct, alter, remove, repair or improve a building, structure or improvement are entitled to lien ...