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You Risk Paying Twice When Sub-Contractors Don’t Pay Their Bills

Wolgast Corporation

Liens Can Wreak Havoc on Funding. On top of that, that they expect you, the owner, to guarantee to the Bank and the Title Company that the project will be lien-free during construction. The lien laws protect people that supply the resources to build a building. By Brian Stadler, Wolgast President & CEO.

Lien 116
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HUD Jumpstarts PACE Financing for Homes

Green Building Law Update

The concept is not new, but nationally, residential PACE programs generally have been put on hold or foregone as a result of concerns of HUD and the Federal Home Loan Banks, that issued a directive in February 2011 to refrain from purchasing mortgage loans secured by properties with outstanding first lien PACE obligations.

Finance 120
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6 Ways the COVID-19 crisis will reshape the construction industry

Lets Build

According to Gartner’s recent business continuity survey, only 12% of organisations are highly prepared to deal with the novel coronavirus. The study points out that even if companies have policies in place to deal with such risks, they are not activated until it is too late. The COVID-19 situation is unprecedented in many ways.

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Watch for Bank Shield Laws in Dealing with Lenders

Construction Lawyer

Watch for Bank Shield Laws in Dealing with Lenders. A developer found out the hard way about laws that shield banks. According to the plaintiff, the general contractor wound up with the money while the subcontractors were stiffed, resulting in substantial mechanics liens filed against the property. mechanics liens.

Banking 40
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Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

Go to your bank and ask to speak with the commercial banker. Every bank has one and they can be one of your most powerful allies and mentors. The really good news they are on the banks payroll. How can you and the bank help me run my business more profitably? And things tend to do what you want them too most of the time.

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How to Get Paid on Georgia Public Projects

Levelset

When payment problems come up on a public project, contractors can’t just file a mechanics lien as a solution, as both the federal government and state governments prohibit private companies from gaining interest in public property. Lien waivers. Deep dive : Georgia’s Very Unusual Rules for Mechanics Lien Waivers.

Georgia 52
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Supreme Court Nominee's Construction Decisions

Construction Lawyer

Watch for Bank Shield Laws in Dealing with Lenders » July 22, 2005. ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY. mechanics liens. « Kelo Song | Main. Supreme Court Nominees Construction Decisions. TrackBack URL for this entry: [link]. Does Equitable Estoppel apply to a Municipality?