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Does a Lien Affect Your Credit Score?

Levelset

In contrast, a mortgage is a voluntary lien , because you sign papers giving the bank a lien on your property until you pay off the balance and interest. Credit bureaus can collect public information from state and county courts, including bankruptcies. 181 articles. 265 articles. Matt Viator. View profile. Nate Budde.

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#130:  Secured Lenders' Rights to Construction Contract Payments

NH Construction Law

Worse, a lawsuit against the general contractor or subcontractor for breach of contract after abandonment of the project will almost certainly be futile; the default on its loan usually signals that it won’t be able to pay a judgment and is probably headed for bankruptcy. Reading Cooperative Bank v. Suffolk Construction Co. ,

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Turbocharging Motown’s Recovery

Buisness Facilities Contributed Content

A few hours after the pixels for that post were hatched, Detroit announced it had become the largest city in history to file for bankruptcy protection. We are committed to helping make that future a reality,” the bank said, in an internal document acquired by The Detroit Free Press and posted online. Great Lakes'

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Stop Bookkeeper Embezzlement In Your Construction Company

Contractor Bookkeeping

Being Ripped-Off And Driven Into Bankruptcy! This is, always has been and will continue to be a major headache and in some cases the direct cause for construction company owners to file business and personal bankruptcy. For the full article [link]. 15 - Your Bookkeeper - Makes the bank deposits and they seem to be too small. #16

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Completed Operations: A Contractor’s Guide to Coverage, Cost, & More

Levelset

In this article, we’ll explain how completed operations coverage works, and how it protects contractors and subcontractors. If a contractor’s work fails after a project is complete, completed operations insurance can help cover some of the expenses. Learn more: The most common types of insurance policies in construction. Coverage limits.

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Tale of Two Cities

Business Facilities

In what seemed like just a few days after ground was broken for the Revel, the specter of bankruptcy loomed over the entire project, which needed a state bailout of more than $200 million to be completed. You know its time to stop gambling when your luck is that bad. Mid Atlantic U.S. Mid Atlantic U.S. Plains casino gambling'

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Home Builder Success and the Fragility of Good Things

Pro Builder

I happened upon that quote right after reading an article about a fatal airplane accident, which had me musing over the seemingly endless unfortunate factors that can bring a plane down and how every good flight requires the same basic elements. . Does the “Anna Karenina Principle” about families also apply to home building?