16:42 Nov 5, 2012 |
Spanish to English translations [PRO] Bus/Financial - Business/Commerce (general) | |||||
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| Selected response from: Joseph Manley United States Local time: 01:30 | ||||
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Summary of answers provided | ||||
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5 +3 | there is presently any other lien or encumbrance (on the real property) |
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5 | a different levy is currently assessed |
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there is presently any other lien or encumbrance (on the real property) Explanation: Simply the direct translation in correct legal English. The entire passage is stating that, as is clearly obvious under the law, it is not possible to file a first or senior mortgage lien on a property if there is a prior lien or encumbrance on the property. A routine matter in property and banking law. |
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