Sources left out for your research purposes... El Hotepsekhemwy Pero... ____________________________ [What is a “lien”? A lien (pronounced like lean) is a word derived from the Latin word ligāre, which means “to bind.” This makes sense, as the purpose of a lien is to bind or otherwise encumber the title of a property. ] [According to US law — 11 USC §101(37) — the term “lien” means a charge against or interest in the property to secure payment of a debt or performance of an obligation. Essentially, a lien is when a lender or creditor acquires an interest in some type of collateral, typically real property.] (Authors note: "payment of a debt" is not the same as "performance of an obligation" - they must both be accomplished to collapse a trust...) Having a lien filed on a piece of property essentially “clouds” the property title. If the owner is looking to refinance, sell, or otherwise transfer the property, the lender or prospective buyer will run a title search. Since lien filings are public record, these will show up. No one wants to take on a property that has any liens filed against it. Liens are typically attached to and transferred with the property. They don’t follow the property owner.] (Authors note: any lien on the perfect title of a sacred lien already acknowledged would be misrepresentation...) [A general lien is one that doesn’t attach to a specific piece of collateral. Instead, it attaches to all the assets of the borrower. This includes their house, bank accounts, vehicles, and any other personal property the borrower may own.] [... a specific lien is one that attaches to a debtor’s particular asset. For example, a piece of real estate, or a car. In a specific lien, the asset was specifically offered as collateral in exchange for the loan or credit.] (Authors note: This is part of the transactions of registration, certification of title, insurance, dl etc... it operate with a political lien...!!!) [Voluntary vs. involuntary This distinction is fairly simple. Did the owner of the property consent or voluntarily agree to have the lien placed on the property? It may seem odd, since no one asks for a lien on their property. But if they buy a home and stop making their payments, that is essentially what they do. A mortgage is probably the most commonly known types of voluntary liens. The owner is agreeing to borrow money, allowing the lender to have a legal right (aka security interest) on their property. Involuntary liens, on the other hand, are those placed on the property by someone without the consent of the property owner. This includes judgment liens and mechanics liens.] (Authors note: these reak of "Bills of Lading"...) [Tax liens Tax liens are another type of lien that can be placed on real property. These are also involuntary general liens, created by statute. If an individual or company fails to pay their taxes, federal or local, the IRS or some other government entity can place a lien on the property for the amount of unpaid taxes. This includes all types, such as income taxes, business taxes, and property taxes. These types of liens typically don’t result in foreclosure. Rather they will usually stay on the property to ensure they are paid first] (Authors note: 26 US Code 6201 - Assessment authority... "duly paid by stamp"... "all taxes"...) [Mortgage liens A mortgage is a type of loan that is used to purchase or refinance a home. Mortgages are “secured loans,” which creates a mortgage lien on the property. This means that the borrower promises some type of collateral to secure the loan in case they stop making payments. When it comes to mortgages, that collateral is the property. If the borrower stops making payments, the lender can take possession of the home and foreclose on the property to pay off the balance.] (Authors note: So, [a]t foreclosure, is there a lien on it yet...? or is it "free and clear" already...? Can't be both - if liened, what kind... A mechanics lien...? Why...?) [Mechanics liens A mechanics lien is the most important type of lien that anyone in the construction industry should familiarize themselves with. These liens are involuntary specific liens, and are created through statutory rights. Every state has laws giving construction businesses and laborers the right to claim a mechanics lien. Mechanics liens arise when a contractor, material supplier, equipment lessor, or other types of professionals provides services for the construction or repair of real property. If those parties end up going unpaid, the individual or company can file a lien against the property being improved. Since these are statutory liens, there are specific notice requirements and deadlines that must be met to secure these rights. In addition, they do not last forever. Every state sets an expiration date for mechanics liens. The unpaid contractor must enforce their claim before the state deadline, or it becomes ineffective.] (Authors note: IF the sytem operated appropriately, almost no liens would be necessary... IMO...) [Judgment liens Judgement liens are a direct result of a lawsuit. If a person is a party to a lawsuit and loses, the court will award damages as a money judgment. This makes the defendant a “judgment debtor” and the plaintiff a “judgment creditor.” The judgment itself forms the basis of the lien. If the award isn’t paid, then the judgment creditor can place a lien on the debtor’s property. A mechanics lien can become a judgment lien if the unpaid contractor enforces it. After a foreclosure action has been filed, if the lienholder is successful, the mechanics lien is converted to a judgment lien.] (Authors note: So, we see the "building" of liens from one jurisdiction to another... why not start at the top...? Sacred Lien... Sacred "bond"... Has not judgement already been "rendered"...?)
Posted by El Hotepsekhemwy Pero at 2020-10-26 03:02:10 UTC