Remove Banking Remove Design Remove Insurance Remove Lien
article thumbnail

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
article thumbnail

constructionattorneyblog: Subcontractor's Mechanics lien allowed.

Construction Lawyer

« Liability for green design | Main. Subcontractors Mechanics lien allowed where bank seized generals funds. 107108 (May 21, 2009), has ruled in favor of the subcontractor in enforcing a mechanics lien. Funds subject to a lien waiver are required to be held by the owner in trust for the subcontractor.

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

Idle Equipment not entitled to Lien in Missouri

Construction Lawyer

Idle Equipment not entitled to Lien in Missouri. A Missouri court has affirmed a trial court ruling in favor of a lien claimant, but at an amount reduced by the trial court to reflect the value of the idle time for the equipment. April 20, 2009 in litigation , mechanics liens | Permalink. mechanics liens. 3d 489 (Mo.App.

Lien 40
article thumbnail

constructionattorneyblog: ILLINOIS APPELLATE COURT DEEMS.

Construction Lawyer

ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY. The Illinois First District Appellate Court recently issued its opinion in the case of Bank of New York v. Jurado , which involved competing lien claims.    The plaintiff bank filed suit to foreclose on a mortgage. 

article thumbnail

Unique Tips To Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Go To Your Bank - And they offer you a line of credit. Partnerships Are The Only Ships - Designed to sink. Bank Accounts - Set up two bank accounts in your company name. Bank Accounts - Set up two bank accounts in your company name. Insurance - Is critical to your construction company. You say O.K.

article thumbnail

New Contractor Business Start Up

Contractor Bookkeeping

Go To Your Bank - And they offer you a line of credit. Partnerships Are The Only Ships - Designed to sink. Bank Accounts - Set up two bank accounts in your company name. Bank Accounts - Set up two bank accounts in your company name. Insurance - Is critical to your construction company. You say O.K.

article thumbnail

constructionattorneyblog: Waivers of liens: fraud

Construction Lawyer

Waivers of liens: fraud. The Bankruptcy Court for the Northern District of Illinois recently ruled that a contractor who falsified waivers of lien engaged in fraudulent conduct and his debt to the bank was non-dischargeable. Listed below are links to weblogs that reference Waivers of liens: fraud : Recent Posts.

Lien 40