Nebraska Subordination of Lien

State:
Multi-State
Control #:
US-OG-1144
Format:
Word; 
Rich Text
Instant download

Description

This form is a subordination of lien.

How to fill out Subordination Of Lien?

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FAQ

The kind of liens that can directly affect your personal property include mortgage, judgment, attachment, estate tax, Federal tax, bail bond, municipal utility and vendor's liens but can also include corporate franchise tax (if you own a business), mechanic's or vendee's (if you work in the building industry).

Existing Paper Certificate of Title: A copy of the lien instrument and the $7.00 lien notation fee must be submitted to any county Motor Vehicle Office. They will notify the first lienholder to deliver the title to the Motor Vehicle Office within fifteen (15) days for notation of the subsequent lien.

The mortgage lender, therefore, has the right to place a lien on your property, giving them legal rights over the property. An involuntary lien (or non-consensual lien) is levied against your wishes and is the result of not fulfilling your financial obligations.

Civil Contempt of Court A person may be incarcerated for civil contempt for willfully failing and refusing to comply with a court order, such as a purge plan, for child support.

If a contract on a property is not paid, the lender has a legal right to seize and sell the property. Various types of liens can be established including by a creditor, legal judgment, or tax authority.

A general lien covers all of the debtor's property, while a specific lien covers only a certain piece of real property. General liens affect all the property, both real and personal, of a debtor.

A judgment lien is created automatically on debtor property located in the Nebraska county where the judgment is entered. For any debtor property located outside the Nebraska county where the judgment is entered, the creditor files the judgment with the district court county clerk .

Property liens are typically associated with a specific piece of real estate. The lien is put in place by the creditor or the lender that extended financing. The lien is the creditor's legal claim that provides them with legal protections and rights in the event a property owner does not pay their obligations on time.

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Nebraska Subordination of Lien