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If any of the following items appear on your
Preliminary Report, they will require immediate attention. A delay in closing
may result without immediate attention. The following are definitions and
actions needed to be taken.
- A claim of mechanic's lien
Amount: $23,300.00
By: John Contractor
Recorded: January 5, 2001 as instrument No. 01-333
- Notice of action field in:
Court: Superior
Case
No.: A123456
Plaintiff: John Contractor
VS.
Defendant: John
Consumer
Purpose: Foreclose/Quiet Title
Recorded: March 5, 2001 as
Instrument No. 01-2222
- 3. Subject to proceedings pending in the bankruptcy court
of the central district of the U.S. District Court, California, entitled: In
RE: John Consumer, debtor, case no. AP12345, wherein a petition for relief was
filed on the date of January 20, 2001.
- 4. The effect of deed, dated June 4, 1991, executed by
June Consumer as Grantor, to John Consumer as grantee, recorded January 19,
2001 as instrument No. 01-12222.
The requirement that this office be
furnished with evidence that said deed was an absolute conveyance, for value,
and that there are no other agreements, oral or written, regarding the
ownership of the land described herein.
- The lack of a right of access to and from the land.
Mechanic's Lien: A statutory lien in
favor of persons contributing labor, material, supplies, etc. to a work of
improvement upon real property. A release must be recorded to be removed.
Notice of Action: A lis pendens. A
proceeding in a court of justice by which one party prosecuted another for the
enforcement or protection of a right.
Bankruptcy: A proceeding in the U.S.
Bankruptcy Court wherein assets of a debtor (unable or unwilling to pay debts)
are applied by an officer of the court in satisfaction of a creditor's
claim.
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