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Is a lien waiver legal
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Landlord's' Waiver is a critical document in the asset-based lender's loan documentation package. When properly drafted, it provides the secured lender with access to the borrower's leased premises and facilitates the liquidation of the collateral on the borrower's premises, thereby avoiding the costs of removing the collateral and related foreclosure expenses. Liquidation of the collateral is usually accomplished on the borrower's premises without any additional payments to the borrower as per appropriate provisions of the Loan and Security Agreement, Infortunately, if the Waiver is not obtained ...
In this session, we are going to discuss in somewhat greater details the Nevada Mortgage Laws and how to handle the looming foreclosure crisis which has state of Nevada in the highest ranks in USA. NRS 40.430 Action for recovery of debt secured by mortgage or other lien; “action” defined. Nevada has only One Action Law for the recovery of any debt, or for the enforcement of any right secured by a mortgage or other lien upon real estate. That action must be in accordance with the provisions of NRS 40.430 to 40.459, inclusive. In that action, the judgment must be rendered for the amount ... Read More
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