Sentences with phrase «lien rights»

By not complying with the condominium statute requiring lien rights to be registered, prejudice would accrue to the bank by reviving lien rights that the condominium corporation had allowed to expire.

Recently, the Michigan Court of Appeals examined whether a supplier's construction lien rights were limited by a pay - when - paid clause contained in the supplier's contract with the general contractor.

The Court confirmed that the condominium corporation's Application was commenced under section 134 with a view to effectively «reviving» its lien rights under section 85 of the Act.

(a) It seems to me that there may still be room to argue that a condominium corporation can «revive» its lien rights by way of Application under Section 134 of the Act, but on the understanding that the revived lien will not take priority over any unit mortgage.

The Court reviewed section 85 of the Act, which governs a condominium corporation's lien rights.

A number of documents are required as part of a condominium loan transaction, including the by - law (in most cases) as well as a loan agreement, general security agreement and perhaps also an assignment of lien rights.

As a result, I commonly see trades / contractors not getting paid, and losing their lien rights by delaying too long.

They've also handled professional malpractice, delays and road failures, and mechanic's liens, including pre-construction strategies on preserving lien rights or avoiding lien attachment.

At Buscemi Hallett LLP in San Diego, our lawyers represent contractors with lien rights.

Buscemi Hallett LLP emphasizes construction disputes, including prosecution of mechanic's lien rights, stop notices and bond claims on both private and public works of improvement in San Diego and throughout Southern California.

And the courts have now said that this lien right generally can not be «resurrected» after the three - month limitation period has expired.

Keys to the Lake Lodging Co., LLC («Buyer's Representative») filed a notice of broker's lien right against those units and mailed a copy to the Seller, claiming a commission from those transactions.

Not exact matches

The advantage of this approach is that you receive the capital you need right away — through a lender who has easier qualification requirements and is willing to overlook the lien on your record.

If a lender finds a tax lien on your record, they might reject you right away.

While there is no specific collateral requirement for Fundation business loans, the lender has a blanket lien on your business assets, meaning that in the event of default, Fundation has the right to take possession of any business assets to fulfill the debt.

If you can't make payments on the mortgage, your lender has the right to keep or foreclose the property (this is what is known as a lien).

Outline the details of the agreement including the asking price, a description of the property, inclusions and exclusions, annual property taxes, and any rights of way, easements, liens or charges against the property

A UCC - 1 filing is a form filed by your lender announcing a right to collateral — also known as a lien — on a secured loan.

With the Oscars right around the corner, A Few Goody Gumdrops snagged an interview with Hollywood.com's celebrity / fashion editor Lien Ta.

Then again, everything in this movie feels awkward, right down to the inert sex scenes between Hathaway and Chen's sister, Lien (Wei Tang).

(b) If any such lien or right in rem is not immediately discharged, the Government, at the expense of the Contractor, may discharge, or cause to be discharged, the lien or right.

CARPROOF is the only service that provides consumers with Canadian lien and / or security interest information on vehicles from right across Canada and guarantees the results.

Once the statute of limitations expires, the agency loses the right to garnish your wages or place a lien on your personal property such as your home or bank account.

In some instances, when creditors win a lawsuit, they have the right to garnish your wages or put a lien on your home.

However, sometimes the IRS skips the tax lien and begins to levy right away instead.

Encumbrance A mortgage, claim, lien, right, liability or any other interest in some property that may blemish a title.

A UCC - 1 filing is a form filed by your lender announcing a right to collateral — also known as a lien — on a secured loan.

A lien is the formal right of a lender to seize, foreclose and even sell the underlying collateral when a borrower fails to make loan payments.

If you can't make payments on the mortgage, your lender has the right to keep or foreclose the property (this is what is known as a lien).

Records of deaths, divorces, court judgments, liens, and contests over wills (all of which can affect ownership rights) also must be examined.

If you do not immediately pay off your delinquent debt and satisfy the lien, the timeshare association has the right to sell your time slot — even if you've already paid off your timeshare in its entirety.

With a lien comes the right to sell the property if the contract is broken, in order to recover the money if necessary.

The Mortgage is a lien on the real property that gives the lender the right to take the property by foreclosure if you default on the loan.

While there is no specific collateral requirement for Fundation business loans, the lender has a blanket lien on your business assets, meaning that in the event of default, Fundation has the right to take possession of any business assets to fulfill the debt.

The written evidence from a contractor (or supplier of material) surrending the right of lien to enforce collection of debt against real property.

Liens can be property taxes, mortgage loans, and judgments, while encumbrances may be road maintenance agreements, right - of - way and utility easements.

These secured liens are very powerful and cost - effective when taken out at the right time.

A deed in lieu of foreclosure does not protect your credit, nor will it cut off the rights of junior lien holders.

If a modification isn't the right move for you, we can also assist you in getting a short sale approved by your lien holder.

The Truth in Lending Act is a law that «gives consumers the right to cancel certain credit transactions that involve a lien on a consumer's principal dwelling, regulates certain credit card practices, and provides a means for fair and timely resolution of credit billing disputes.»

The December 9, 2011 Money Counselor blog post «Know Your Limitations» included a caution about unintentionally re-starting the statute of limitations clock that governs the right of debt collectors to obtain court authorization for garnishment or a property lien.

In the event that you can not repay your debt, your creditor has the right to seize the property that was specified in the lien.

The purchaser is still the owner, the loaning company is just a lien holder, meaning they have a right to get paid from the value of the car.

Lien — An unpaid debt that results in the right to partial or entire possession of a home until that debt is repaid.

The lien gives the lender the right to reclaim or repossess the vehicle if such is necessary.

For example, Tower Federal Credit Union will have someone perform a title search to make sure the seller has a legal right to transfer ownership, and to see if there are liens or restrictions on the property.

For example, we will have someone perform a title search to make sure the seller has a legal right to transfer ownership, and to see if there are liens or restrictions on the property.

The legal rights of liens are governed primarily by state laws, but since filing bankruptcy is a federal matter governed by federal laws, a debtor wanting to file bankruptcy should understand the significance of a lien in relationship to the bankruptcy process.

One who holds a lien has the right to sell the property to obtain the money, or to recover the money when the property is sold.

They Can Put A Lien On Your Property Canada Revenue Agency has a right to put a lien against your property for outstanding debt you may owe tLien On Your Property Canada Revenue Agency has a right to put a lien against your property for outstanding debt you may owe tlien against your property for outstanding debt you may owe them.