Sentences with phrase «lien affects the owner»
Once registered at the appropriate Land Registration Office, a builder's lien affects the owner's interest in the property, and can interfere with its sale or mortgaging.
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QUEENS, NY — Borough President Melinda Katz today announced an upcoming workshop at Queens Borough Hall to help homeowners and other property owners who may be affected by the City's upcoming tax lien sale due to unpaid taxes and other bills owed to the City of New York.
The purpose of the search is to make sure the buyer is purchasing a house from the legal owner and there are no liens, overdue special assessments, or other claims or outstanding restrictive covenants filed in the record, which would adversely affect the marketability or value of title.
Owners should expect to still see their tax liens reporting on business credit and affecting scores / indexes.
Construction Law: Builder's / Mechanic's / Construction Liens Stuart Olson Dominion Construction Ltd. v. Structal Heavy Steel, 2015 SCC 43 (35777) Filing a lien does not affect a statutory trust; a lien bond secures a contractor's or subcontractor's lien claim rather than satisfying it through payment, and does not extinguish an owner's or contractor's obligations under a statutory trust.
The purpose of the search is to make sure the buyer is purchasing a house from the legal owner and there are no liens, overdue special assessments, or other claims or outstanding restrictive covenants filed in the record, which would adversely affect the marketability or value of title.