Lien waivers for any work accomplished back to the term of statute of limitations should be obtained.

The statute of limitations on notes in CA is 4 years.  

Supreme Court: It is the settled law of this court that the interdiction of statutes impairing the obligation of contracts does not prevent the State from exercising such powers as are vested in it for the promotion of the common weal, or are necessary for the general good of the public, though contracts previously entered into between individuals may thereby be affected. . . .

Dodd-Frank is not the only issue, these contracts now have other problems with deed conveyances as seen by ALTA and title examiners, equity being established on statute requiring foreclosure and circumventing foreclosure laws.

You'll know enough when you can define the following:Riparian rights, homestead exemption, eminent domain, mortgagee/mortgagor, statute of frauds, tenants in common, quit claim vs warranty deed, Garn/St Germain Law, sq feet in an acre, right of first refusal, bundle of rights, fee simple, and the statute of limitations.Wait--never mind. 

MD statute indicates that if the foreclosing deed was recorded after Oct, 2011 condo assoc can collect no more $1200 as a superior lien-this is not applicable here as the foreclosing trust was recorded prior to 2011. 

These being previous tax liens and IRS tax liens if the IRS was noticed property during the foreclosure.What isn't eliminated are most other government liens -- municipal fines, environmental liens, taxes after your lien, etc.Check with your state statutes--every state is different and some allow for more liens that could be on par with the tax lien (ie condo and hoa dues in some states).

In the US, at least, default rates are often controlled by state statute and are easy to violate.

Florida security deposit statute says deposits must be held in a "banking institution".

re: 83.57 Florida statutes is the governing statute.