A small-amount mechanic's lien typically stays on record until the property against which it has been filed is sold when it is paid out of the sale proceeds.
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Q7: Most liens have little practical use, because
Q8: Any loan for which repayment is ensured
Q9: Foreclosure is a process that allows a
Q10: An individual who borrows funds from a
Q11: A prepayment penalty clause helps to protect
Q13: Federal law provides a minimal framework to
Q14: The borrower is typically required to pay
Q15: A lender can require a borrower to
Q16: Recording a mortgage ensures that the creditor
Q17: Mortgage loans are contracts.
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