Ads
related to: mechanic's liens are based on the following
Search results
Results From The WOW.Com Content Network
Mechanic's liens are enforced exclusively through judicial foreclosure sales, i.e., through court proceedings similar to mortgage foreclosures. The court must determine whether the requirements of the statute have been met and, if so, the priority of the mechanic's lien being foreclosed relative to the other liens or encumbrances on the title.
In Mechanic's lien law a Notice of Intent to Lien (also known as a Notice of Intent, a Notice of Intent to File a Mechanics Lien, an intent notice, an NOI, or a notice of non-payment) is a type of preliminary notice that warns the property owner, prime contractor, and/or other party on a construction that a mechanics lien or bond claim will be filed unless overdue payments are made within a ...
In Mechanics lien law a Preliminary Notice (also known as a Notice to Owner, Materialmens Notice to Owner, Notice of Furnishing, Contractor/Subcontractors Notice to Owner, and others) is a notice sent by the general contractor, subcontractor, materialmen, equipment lessors or other parties to a construction project not to create a Mechanics lien but rather to establish the right to file a ...
Mechanic’s lien: Contractors can place a lien on your home if you do not pay them for work they’ve done on your property. Judgment lien: In the event you lose a lawsuit, the plaintiff could ...
For premium support please call: 800-290-4726 more ways to reach us
mechanic's liens, which secure payment for work done on real property or land; judgment liens, imposed to secure payment of a judgment; and; maritime liens, imposed on ships by admiralty law. Liens are also "perfected" or "unperfected" (see Perfection (law)). Perfected liens are those for which a creditor has established a priority right in the ...
A lien must be based on a valid claim. [citation needed] Under Texas law, a mechanic's lien must have a valid basis. [4]Under New York law, a lis pendens, or notice of pendency of a claim against real property, must be valid, such as a pending divorce lawsuit.
Subject to defects, liens or encumbrances, or; Unmarketable. There is no right of access to the land. The lien created by the mortgage: is invalid or unenforceable, is not prior to any other lien existing on the property on the date the policy is written, or; is subject to mechanic's liens under certain circumstances.