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What it means is this: If you paid $100k into a $250k house and haven't fallen behind repeatedly, its a good-faith claim on your property and prevents illegal seizure (which is seizure outside of a judicial decision governed under the 7th amendment to the US constitution *controversy exceeding $20*) in the form of an affidavit put on public record with your county clerk(not FILED...put on RECORD; there's a diff) and MUST BE PAID TO SEIZE YOUR HOUSE; it's like getting a refund if they want it.
rotnflesh 1 year ago
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If anyone here is having problems paying on a mortgage, they could file a common law lien on that property stating principal paid plus life experience value; this lien must be satisfied before foreclosure or a commercial lien can be put in place! Common Law Liens supersede commercial liens (thats statutory, security, or judicial) so your lien, in the form of an affidavit, stands as absolute until challenged point for point.
RESEARCH COMMON LAW LIEN!!
rotnflesh 1 year ago