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Simple English definitions for legal terms

rule of marshaling liens

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A quick definition of rule of marshaling liens:

The rule of marshaling liens, also known as the inverse-order-of-alienation doctrine, is a principle that allows a creditor to collect on a mortgage or lien on a property sold off in successive parcels. The creditor can collect first from the parcel still held by the original owner, then from the parcel sold last, then next to last, and so on until the amount owed has been satisfied. This rule helps ensure that creditors are able to collect what they are owed, even if the property has been sold off in parts.

A more thorough explanation:

Definition: The rule of marshaling liens, also known as the inverse-order-of-alienation doctrine, is a principle that allows a creditor to collect on a mortgage or lien on a property sold off in successive parcels. The creditor can collect first from the parcel still held by the original owner, then from the parcel sold last, then next to last, and so on until the amount has been satisfied.

Example: Let's say John owns a property with three parcels, A, B, and C. He takes out a mortgage on the entire property but later sells parcel A to Sarah and parcel B to Tom. John defaults on the mortgage, and the creditor wants to collect the outstanding amount. According to the rule of marshaling liens, the creditor can first collect from parcel C, which is still held by John, then from parcel B, which was sold last, and finally from parcel A, which was sold first.

This example illustrates how the rule of marshaling liens works in practice. It allows the creditor to collect the outstanding amount in a specific order, which is fair to all parties involved.

rule of marshaling assets | rule of marshaling remedies

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shaquilleoatmeal
10:47
it was 8 degrees this morning when I went for a walk, up at 14 now but ive been waitin for this weather all year
shaquilleoatmeal
10:48
also wtf dkk? you say some pretty outta pocket shit sometimes that no one calls you out for
windyMagician
10:52
I think he gets away from it by being an oldhead
windyMagician
10:52
*with not from
shaquilleoatmeal
10:55
nah bulb and i don't say anythin that wild and we're considered oldheads
10:57
yeah but he’s the racist kind of old head and you’re not
10:58
it’s kinda like when your grandpa with alzheimer’s starts saying some crazy shit
windyMagician
10:59
grandpa be like "back in my day I smashed so many latina milfs"
shaquilleoatmeal
11:04
smh
windyMagician
11:09
shaq hows ur love life going? any updates?
shaquilleoatmeal
11:14
damn couldnt even get to Christmas dinner before this question lmao im not looking for anything serious rn so no updates lol
11:14
i made out with my ex in a stairwell the other day if you care. my only update
shaquilleoatmeal
11:14
oof
shaquilleoatmeal
11:14
twitter ex or a different ex
11:15
different ex
windyMagician
11:15
since its not Twitter dude I'll forgive it
shaquilleoatmeal
11:17
at least you did that before the new year, cant carry that baggage in 25
11:17
I think he thinks if I move to nyc we’re going to get back together
11:17
that’s not my plan tbh
jackfrost11770
11:18
this is so funny
shaquilleoatmeal
11:19
lmao damn wish id be classmates with this dude
shaquilleoatmeal
11:20
@cheriebomb: you never know what the future holds
jackfrost11770
11:20
also cherie fallen soldier
jackfrost11770
11:20
i got home at 8 am from the club and my neighbor was leaving to go biking. truly living in different worlds
11:20
i don’t fw him that heavy tbh
11:21
i get along better with his friends than i do with him
windyMagician
11:21
nah the hiking in Nike blazers deserves jail time
11:21
he was already vomiting and shitting in a hole I think he did his penance
windyMagician
11:26
call that restorative justice
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