Statutory Liens
Definition of "Statutory liens"
Charges resulting in involuntary encumbrances against real property derived from legislated law rather than from debts owed to organizations o r individuals. For example, of a homeowner does not pay his real estate taxes, the tax assessor may statutorily place a lien on his or her property for the back taxes owed.
Popular Real Estate Terms
Measure of land representing one square mile. A section equals 640 acres. ...
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Precalculated tables providing the present values of $1 or an annuity of $1 for different time periods and at different discount rates. ...
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