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Does a Lien Affect Your Credit Score?

Levelset

If you receive a notice that a lien has been filed on your property, you may wonder how it will affect your credit score and your ability to borrow money or get credit. Mechanics liens are different from other collection instruments, so they are treated differently when it comes to reporting on your credit history. What is a lien?

Lien 96
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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 116
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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. And don’t think you’ll get legal fees in a settlement – it just won’t happen. File a Mechanic’s Lien (if you can).

Lien 186
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Virginia Joins 11 Other States Prohibiting Pay-If-Paid Clauses in Construction Contracts

Best Practices Construction Law

In these tight times, you can understand how important payment provisions are to the parties’ transaction, particularly where costs are escalating and projects may stall mid-performance due to financing issues or owner-default. Does my state prohibit pay-if-paid clauses? One major lesson: WORDS MATTER.

Virginia 118
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Selling a House with Solar Panels is Not for the Faint of Heart

Green Building Law Update

but not all) file a UCC-1 financing statement in the real estate records that puts third parties on notice to their rights in the system. That fixture filing is in most states a lien or encumbrance against the system. Many of the companies engaged in this business (. Selling a house with solar panels is not for the faint of heart.

Leases 179
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Selling a House with Solar Panels is Not for the Faint of Heart

Green Building Law Update

but not all) file a UCC-1 financing statement in the real estate records that puts third parties on notice to their rights in the system. That fixture filing is in most states a lien or encumbrance against the system. Many of the companies engaged in this business (. Selling a house with solar panels is not for the faint of heart.

Leases 232
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Selling a House with Solar Panels is Fraught with Peril

Green Building Law Update

but not all and maybe not even most) file a UCC-1 financing statement in the real estate records that puts third parties on notice to their rights in the system. That fixture filing is in most states a lien or encumbrance against the system. Some of the companies engaged in this business (.

Housing 207