article thumbnail

How a Construction-to-Permanent Loan Impacts Contractors & Lenders

Levelset

Here are the main benefits and downsides of construction-to-permanent loans and how they can streamline the financing procedure. Cost-plus agreements raise the chance of default. These agreements are lawful, but may be detrimental to a lender’s bottom line. Failing to protect lien rights. What are the upfront costs?

article thumbnail

constructionattorneyblog: illinois supplier denied mechanics lien

Construction Lawyer

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. « TRIAL COURT DECIDES THAT ARCHITECTS CANT BE LIABLE IN IMPLIED WARRANTY OF HABITABILITY | Main. illinois supplier denied mechanics lien. Hillside filed a counterclaim to foreclose its mechanics lien.

Lien 40
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Seven Things to Do When an Owner Doesn’t Pay

Constructonomics

File a Mechanic’s Lien (if you can). In Pennsylvania, the law states that you cannot file a lien on a purely public entity. Also, there is a timeline to file a mechanic’s lien. In PA it’s six months from the last day you are on the project, and if this time expires, you’re lien rights are gone.

Lien 186
article thumbnail

Idle Equipment not entitled to Lien in Missouri

Construction Lawyer

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. « Economic Loss Doctrine bars Nevada claims against Architect | Main. | » April 20, 2009. Idle Equipment not entitled to Lien in Missouri. mechanics liens. Missouri Land Development v.

Lien 40
article thumbnail

constructionattorneyblog: Subcontractor's Mechanics lien allowed.

Construction Lawyer

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. « Liability for green design | Main. Subcontractors Mechanics lien allowed where bank seized generals funds. May 21, 2009 in litigation , mechanics liens | Permalink. mechanics liens.

Lien 40
article thumbnail

A Contractor’s Guide to Homeowner’s Insurance: Is Your Project Covered?

Levelset

The main difference between them is the causes of damage they cover (called “perils”). Insuring agreement. Regardless of the policy, the Insuring Agreement is the section that will outline all the insurance company’s responsibilities after a weather event or other covered peril causes damage to a roof or exterior siding, as examples.

article thumbnail

A Contractor’s Guide to Homeowner’s Insurance: Is Your Project Covered?

Levelset

The main difference between them is the causes of damage they cover (called “perils”). Insuring agreement. Regardless of the policy, the Insuring Agreement is the section that will outline all the insurance company’s responsibilities after a weather event or other covered peril causes damage to a roof or exterior siding, as examples.