Get And Sign Texas Warranty Deed With Vendor's Lien Pdf Form
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People also ask
What is a vendor's lien?A vendor's lien is the right of a seller to repossess the property sold until the buyer makes all payments for the full purchase price. The property is the collateral given as security to the seller for the purchase price. It is sometimes used in connection with a purchase money mortgage on real estate.
What is the purpose of a warranty deed?A warranty deed is a type of deed where the grantor (seller) guarantees that he or she holds clear title to a piece of real estate and has a right to sell it to the grantee (buyer),in contrast to a quitclaim deed, where the seller does not guarantee that he or she holds title to a piece of real estate.
What is a vendor's lien in Texas?The Effect of a Vendor's Lien A vendor's lien is a lien in favor of the "vendor" or the seller of real estate. When a warranty deed contains a vendor's lien, the buyer agrees to allow the seller to seize the property until the property is paid for in full.
What is an equitable vendor's lien?A vendor's implied lien, as distinguished from a lien expressly reserved, or from the security which the vendor has while he holds the legal title under an executed contract to convey, is the equitable right, which by implication is accorded to one who has conveyed title to land without reserving a lien thereon, and ...
Is a Judgement lien a specific lien?A typical car loan or home mortgage is an example of a specific lien. In a specific lien, the specific piece of property alone satisfies the debt; the lien does not attach to other property owned by the debtor.