madisoncountyclerk.us

Website:https://www.madisoncountyclerk.us/
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Definitions (16)

1

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bail bond


  A written promise signed by a defendant or a surety (one who promises to act in place of another to pay an amount fixed) by a court should the defendant named in the document fail to appear in court for the designated criminal proceeding at the date and time specified.
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certificate of assumed name


 Any individual or entity that conducts business under an assumed name must file a certificate of assumed name.
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deed


 Legal document(instrument) by which an assetowner(the grantor) transfershis or her rightof ownership(title) in an asset to another party(the grantee).
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easement


 An easement is a non-possessory right to use and/or enter onto the real propertyof another without possessing it.
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fixture filing


 Pursuant to the Uniform Commercial Code, the term "Fixture filing" means the filing of a financing statement covering goods that are or are to become fixtures.
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judgment lien


 A judgment lien is a type of nonconsensual lien (a lien that attaches to your property without your agreement). It is created when someone wins a law suit against you and then records the judgment against your property.
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land contract


 An agreement between a buyer and seller of property in which the buyer makes payments toward full ownership (as with a mortgage), but in a land contract, the title or deed is held by the owner until the full payment is made.
Source: madisoncountyclerk.us (offline)

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lis pendens


 A lis pendens is a written notice that a lawsuit has been filed concerning real estate, involving either the title to the property or a claimed ownership interest in it.
Source: madisoncountyclerk.us (offline)

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mechanics lien


  A mechanic's lien is a security interest in the title to property for the benefit of those who have supplied labor or materials that improve the property.
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mortgage


  A loan for the purchase of real property, secured by a lien on the property.
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