Lien, judgment and other declarations of such debt, especially if not secured for real property, are directly related to the person (the “debtor”). They are filed with the County Recorders Office of the State of California and indexed in the general index after the debtor`s name. When processing a transaction, the escrow/title company scans the general index to look for connections against a specific name. If they propose something, they must determine if that particular “Juliana Tu” is the “Juliana Tu” in the transaction (a “Hit”). If I provide them with a completed I.S., they can then determine whether they should deal with that privilege/judgment or whether they can simply ignore it. This is what we call the “similar name” scenario. The S.I. is an acronym for “Information Statement”, the one-page form that many customers do not like to fill out for one reason or another. Surprisingly, the most common reason they hesitate is that you look at the many spaces and lines and customers feel overwhelmed.
The least common but most understandable reason is that the form asks for all sorts of personal information, including Social Security number, driver`s license, date of birth, place of residence, and occupation for the past 10 years. In legal documents, it is common to cite other publications using standard abbreviations for the title of each source. Abbreviations can also be found for common words or legal phrases. These quotes and abbreviations can be found in court decisions, laws, regulations, journal articles, books and other documents. Below is a basic list of very common abbreviations. Since publishers have different practices regarding printing abbreviations, abbreviations can be found with or without dots for each letter. For example, the Code of Federal Regulations may be abbreviated to “C.F.R.” or simply “CFR.” For abbreviations that are not on this list, here are some other websites to look for: If you want to cite international legal documents, see SEO – International Law. For a RIGHT assignment, you must provide references in two places: Whether you are a buyer, seller or individual borrower, as long as you are involved in a real estate or commercial purchase transaction, you will be asked to complete an S.I. The information you give will actually protect you because it sets you apart from others who have a similar name to yours. Try searching one of the following print sources for legal abbreviations that were not found online. These publications are available regularly in legal and other libraries. This guide is based on the 4th edition of the Oxford Standard for the Citation of Legal Authorities (OSCOLA) (2012).
You`ll also have access to many other tools and opportunities designed for those who have (or are passionate about) language-related jobs. Participation is free and the site has a strict privacy policy. It is important that the I.S. is not only filled in detail, but also that it is completed quickly and handed over to the escrow agent at the beginning of the game. We don`t like surprises at the eleventh hour and we run the general index early to fix problems at the beginning and again just before closing. If we have a client with a name like “Jose Rodriguez”, you can be sure that we will review hundreds of listings under such a name, and each of them needs to be checked to see if it`s a “hit”. It takes time, effort and, above all, a lot of patience. A last-minute “hit” is a scenario that all escrow agents fear. Finding a privilege at the last minute stops the entire transaction. Let`s say your name is “Juliana Tu”. It`s not a common name, is it? Google it and you`ll notice a number of other “Juliana Tu” popping up. I can only hope that none of them have privileges and judgments that could easily turn out to be my debts! Are there any other topics you would like information on? Please let us know by leaving us a few words in our comments section below.
We hope that the information provided here will be useful to you. Although the privileges, especially the court privilege form, indicate the name of the debtor and have space to insert the debtor`s social security number, driver`s license, and last known address, in most cases, the creditor does not have all of this information. Thus, the judgment is then filed against a “Juliana Tu”, without any other distinctive information except perhaps the last known address. With an S.I. Carefully filled, the escrow/title company can then determine that it is not a “success” and remove this privilege from consideration. See also “View” above. “vs.” is used in most scholarly writings in other fields, but “v.” is used in legal writing only. The information statement, like all other escrow transactions and documents, is confidential. Due to the sensitivity of the information provided, a trust/title company will not disclose this information or information about it to other companies/individuals unless the client gives explicit permission. Do you have any questions or comments about the description of the information? To obtain a copy of this form, please click here. It is important to note that liens and judgments are related to everything that the debtor currently owns or will possess in the future. Unless deposited and renewed, they remain a debt for 10 years from the original filing date.
For this reason, the S.I. requires us to list our places of residence and occupations for the last 10 years. They will also appear on your credit report and that`s why it`s a good idea to execute your loan at least once a year. You may be wondering why a buyer`s information statement is required? The answer is simple: when the buyer receives a new loan, a previously filed lien or judgment may take precedence over the new loan.