Sentences with phrase «lien against the property under»

Thereafter, the contractor recorded a construction lien against the property under Chapter 713, Florida Statutes, and filed suit.

Not exact matches

If a loans meets the following tests, it is covered under the law: 1) For a first - lien loan otherwise referred to as the original mortgage on the property - the Annual Percentage Rate (APR) exceeds by more than 8 percentage points compared against the rates on Treasury securities of comparable maturity; 2) For a second - lien loan otherwise referred to as a 2nd mortgage - the APR (Annual Percentage Rate) exceeds by more than 10 percentage points compared to the rates in Treasury securities of comparable maturity; or the total points and fees payable by the borrower at or before closing exceed the larger of $ 561 or 8 % of the total loan amount.

(3) If the lien created by the Director under subsection (1) relates to real property, the Director may register the lien against the property of the person liable to pay the fine in the proper land registry office and on registration, the obligation under the lien becomes a charge on the property.

3 The strata corporation claims a lien under section 116 of the Strata Property Act for the amount owing under paragraph 2 against the strata lot described below.

The attorneys insist that under Nevada law NRS 16.3116, in foreclosure situations, the assessments and costs that can be levied against delinquent properties «are limited to nine months immediately preceding institution of an action to enforce the lien unless federal regulations adopted by Fannie Mae or Freddie Mac require a shorter period of priority for the lien in which case the nine month period is reduced to a six month period.»

I both sell and purchase properties via the lease option method and one of my protections as the lease option buyer is knowing that the seller / owner can not sell or refinance the house out from under me as long as I have that recorded option against the property effectively creating a lien.

However, hidden hazards may lurk under the surface of a transaction in the form of an outstanding lien, pending legal action against the property, possible tax issues and more, all of which could place a severe financial burden on the new owners.

- Do your own inspection so you know what needs to be repaired - When you have it under contract, do a title search so you know if there are any liens against the property and how much they're for - You can check with the building inspection or permit department to ensure that any required permits have been pulled for any work that appears to have been done - Check market rents in the area if you plan to hold as a rental, and call the utility companies to get past utility bill information

Section 116 of the Strata Property Act gives a strata corporation the authority to register a lien against an owner's strata lot under certain circumstances in a prescribed form — Form G - Certificate of Llien against an owner's strata lot under certain circumstances in a prescribed form — Form G - Certificate of LienLien.