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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Runway Length Posted by Bill H on January 11, 2010 at 10:26 AM In Reply to: Wiped OFF not wiped OUT posted by Rick, the Probate Guy on January 10, 2010 at 12:53 AM : Oh, I know this may sound like an anal-retentive, broken record, but the "mantra" needs to be Wiped OFF not wiped OUT. : It isn't the same. A non-federal junior lien is wiped off and detached from the security (property) however, the debt is still not satisfied and remains the obligation of the debtor. : Also, this can be a tricky matter in practise as it relates to HOA liens. Readers can check the archives for the HFC vs, Thaler case citation which provides more details. : For the original poster's concern, I absolutely agree that this is a question to address with the title officer BEFORE the buyer closes escrow. : Not unlike the pilot's perspective that the extra length of runway behind you won't be of any benefit when taking off from a short field airport. Nor will it be much good to you when landing at a long runway airport. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Oh, I know this may sound like an anal-retentive, broken record, but the "mantra" needs to be Wiped OFF not wiped OUT. : : It isn't the same. A non-federal junior lien is wiped off and detached from the security (property) however, the debt is still not satisfied and remains the obligation of the debtor. : : Also, this can be a tricky matter in practise as it relates to HOA liens. Readers can check the archives for the HFC vs, Thaler case citation which provides more details. : : For the original poster's concern, I absolutely agree that this is a question to address with the title officer BEFORE the buyer closes escrow. : : Not unlike the pilot's perspective that the extra length of runway behind you won't be of any benefit when taking off from a short field airport. : Nor will it be much good to you when landing at a long runway airport. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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