Mississippi Authority to Cancel Claim of Lien
Definition and meaning
The Mississippi Authority to Cancel Claim of Lien is a legal document that allows individuals or entities to officially cancel a previously recorded claim of lien. A claim of lien is a legal right or interest that a creditor has in the property of a debtor until the debt obligation is satisfied. When this authority is granted, it is intended to clear the property title and signify that the claim is no longer valid.
How to complete a form
To properly complete the Mississippi Authority to Cancel Claim of Lien, follow these steps:
- Fill in the name of the county where the lien was filed.
- Provide the date the claim of lien was initially filed.
- Enter the name of the corporation or individual who filed the claim.
- Include the affected party's name to highlight who the claim was against.
- Document the book and page number where the claim is recorded in the Land Records.
- Obtain the necessary signatures, including that of the authorized person from the corporation.
- Ensure the form is notarized to validate its legality.
Who should use this form
This form is generally used by individuals or entities that have previously filed a claim of lien against a property. It is applicable for contractors, suppliers, or any party that wishes to formally cancel a lien due to resolution of debt or other agreements. The form should be utilized by the authorized representative of the filing entity.
Key components of the form
Understanding the key components of the Mississippi Authority to Cancel Claim of Lien is crucial for proper completion:
- Clerk of County: The designated official responsible for maintaining county records.
- Date of Filing: The specific date the original claim of lien was recorded.
- Name of Claimant: The individual or company that originally filed the lien.
- Affected Party: The person or entity against whom the lien was filed.
- Book and Page Number: Reference numbers used to locate the lien in county records.
- Signature and Title: The signature of the individual with the authority to cancel the lien, along with their title.
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FAQ
Formalize a defense for disputing the amount of the lien. Gather supporting documentation for your rebuttal, depending on the type of lien. Contact the agent representing the creditor to dispute the amount of the claim. Negotiate a payment settlement with the creditor if you cannot pay the amount you owe in full.
If a creditor puts a lien on your property, you may make an offer to settle the amount for less than you owe. As part of the negotiations, get the creditor to agree to release the lien. If you need help in the negotiations, consider hiring a debt settlement lawyer to help you.
A tax lien recorded on the State Tax Lien Registry covers all property in Mississippi. To avoid having a tax lien filed against your property, send the Department of Revenue full payment before the due date as set forth in your Assessment Notice.
The simplest way to prevent liens and ensure that subcontractors and suppliers are paid is to pay with joint checks. This is when both parties endorse the check. Compare the contractor's materials or labor bill to the schedule of payments in your contract and the Preliminary Notices.
The answer is simple no. In Mississippi, paying the property taxes on someone else's land does not affect ownership in any manner. You simply cannot obtain title to someone's land by paying their taxes for them.
If a creditor gets a judgment against you, it can then place a lien on your property. The lien gives the creditor an interest in your property so that it can get paid for the debt you owe.And in some cases, the lien gives the creditor the right to force a sale of your property in order to get paid.
What Is a Fraudulent Lien?the claimant is owed money on another job by the same general contractor or property owner, but didn't file a lien on that project before time expired; or. the claimant wants to file a lien because of personal reasons generally related to the identity of the property owner.
Invalid Liens A lien stays in the county records and on your property title until you take action to remove it.If the contractor, subcontractor, laborer, or material supplier fails to follow any of the specific time frames, you can petition the court to remove the lien.
