[MudWalker] Udate Soon?

Nathaniel Bailey larzous at mac.com
Thu Aug 23 14:09:40 PDT 2007

wow, so now the mudwalker maining list is going to get spam?  this blows fucking balls.... 

btw, is mudwalker going to have any updates soon??

On Thursday, August 23, 2007, at 02:56AM, "Tommy Lee" <noss1233 at gmail.com> wrote:
>Except in those few states in the United States that adhere to the title
>theory of mortgages,[1] either a mortgage or a deed of trust will create a
>mortgage lien upon the title to the real property being mortgaged. The lien
>is said to "attach" to the title when the mortgage is signed by the
>mortgagor and delivered to the mortgagee and the mortgagor receives the
>funds whose repayment the mortgage secures. Subject to the requirements of
>the recording laws of the state in which the land is located, this
>attachment establishes the priority of the mortgage lien with respect to
>other liens on the property's title.[2] Liens that have attached to the
>title before the mortgage lien are said to be senior to, or prior to, the
>mortgage lien. Those attaching afterward are said to be junior or
>subordinate.[3] The purpose of this priority is to establish the order in
>which lien holders are entitled to foreclose their liens in an attempt to
>recover their debts. If there are multiple mortgage liens on the title to a
>property and the loan secured by a first mortgage is paid off, the second
>mortgage lien will move up in priority and become the new first mortgage
>lien on the title. Documenting this new priority arrangement will require
>the release of the mortgage securing the paid off loan.
>In British usage, however, "real property", often shortened to just
>"property", refers rather to land and fixtures as such while the term "real
>estate" is used mostly in the context of probate law, and means all
>interests in land held by a deceased person at death excluding interests in
>money arising under a trust for sale of or charged on land.[1]
>In French, Italian, Portuguese and Spanish, real estate is called
>"immovables" (*immobilier* in French, *immobili* in Italian, *imóvel* in
>Portuguese and *inmueble* in Spanish); other property is called "movables" (
>*mobilier* and *mueble*).

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