Utah Agreement to Subordinate Lien Between Lienholder and Lender Extending Credit to Owner of Property Subject to Lien

State:
Multi-State
Control #:
US-01052BG
Format:
Word; 
Rich Text
Instant download

Description

Different liens on the same property usually have priorities according to the time of their creation. To achieve the subordination of a prior lien, there must be an actual agreement to that effect.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

File your lien claim with the recorder's office in the Utah county where the property is located, and pay the recording fee. Here's a full list of Utah recorder's offices that you can use to find contact information, fees, and recording requirements.

< A statutory lien that secures payment for labor or materials. supplied in improving, repairing, or maintaining real or personal. property.2. < Any person or entity who performs labor, furnishes materials, or.

The duration of a judgment lien in the state of Utah resulting from the docketing of a judgment, abstract of judgment, transcript of judgment or warrant for delinquent taxes, runs as follows: 8 years for all judgments (U.C.A. 78B-5-202) and ten years for tax warrants (U.C.A. 59-1-1414(6)).

The statute of limitations for some cases is as short as six months, while some serious criminal offenses have no limit and can be filed at any time, even decades after the crime occurred. Most statutes of limitation range from one to eight years.

A "wrongful" lien is a lien that is not authorized by: state or federal statute. a state court order, or. an authorizing document signed by the owner of the real property.

Offenses with No Statute of Limitations in Utah capital felony. aggravated murder. murder. manslaughter. child abuse homicide. aggravated kidnapping. child kidnapping. rape.

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

This means either other joint tenant can obtain a mortgage on the property or use the property as collateral on a loan. This means that creditors of either joint tenant may be able to obtain a lien against the property to secure repayment of moneys owed.

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Utah Agreement to Subordinate Lien Between Lienholder and Lender Extending Credit to Owner of Property Subject to Lien