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HUD Jumpstarts PACE Financing for Homes

Green Building Law Update

Department of Housing and Urban Development and the Department of Veterans Affairs released new guidance, changing their previous positions, now widely allowing residential Property Assessed Clean Energy (PACE) financing. a lien) that is superior to the FHA-insured mortgage for delinquent regularly scheduled PACE special assessment payments.

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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. These types of requests are common place in today’s world when an owner finances the construction of a building. Why should you care?

Lien 118
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Seven Things to Do When an Owner Doesn’t Pay

Constructonomics

Of course we fronted large amounts of money for labor and materials that we were now looking to finance because payment was not being made. Figure out what you’re dealing with. However, knowing how to deal with each particular type of organization is a huge bonus in figuring out how to navigate the situation.

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Selling a House with Solar Panels is Not for the Faint of Heart

Green Building Law Update

There is no one homogenized solar panel ‘deal’ and the business terms including ‘who owns the panels’ varies from one transaction type to another, and in most instances these installations are governed by varying state laws. That fixture filing is in most states a lien or encumbrance against the system.

Leases 179
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How to Get Paid on New Jersey Public Projects

Levelset

Protecting your payment rights on public works projects is crucial — contractors deal with payment issues on these projects just as much as on private ones. New Jersey bond claim laws & liens on contract funds. Similarly, every claimant must send a preliminary notice to file a lien on contract funds.

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Selling a House with Solar Panels is Not for the Faint of Heart

Green Building Law Update

There is no one homogenized solar panel ‘deal’ and the business terms including ‘who owns the panels’ varies from one transaction type to another, and in most instances these installations are governed by varying state laws. That fixture filing is in most states a lien or encumbrance against the system.

Leases 232
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Understanding the Performance and Monitoring Phase of Construction

Levelset

Since subcontractors have bills to pay and interest accruing, the sub has the ability to file a mechanics lien against the property. In the meantime, this mechanics lien can prevent the project owner from securing further financing or from closing on a deal to sell the property. Protect & speed up every payment.

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