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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?

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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?

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Restoration: How to Manage Cash Flow While Waiting for an Insurance Check

Levelset

Finance job costs for longer payment cycles. Financing options allow contractors to extend repayment of those costs , giving you more time to collect from the owner or insurance company. Material vendors often provide this type of free financing in order to attract customers. Later, you pay the financing company what you owe.

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Construction Finance Software Maker Built Technologies Acquires lienwaivers.io

ENR Construction

In a move that the two firms say reflect a natural overlap in their businesses, construction-finance software maker Built Technologies has announced that it is acquiring lien-waiver software maker lienwaivers.io.

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5 Ways to Improve Cash Flow in Your Construction Business

Levelset

Protect your lien rights. Mechanics lien rights are a tool to help the construction industry get paid for its work. In many states, preliminary notices are required to establish the right to file a lien, if needed, for nonpayment. Use materials financing to have more cash on hand. Get materials now. Learn More.

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How To Negotiate A Higher Credit Limit With Your Building Material Supplier

Levelset

Levelset’s Contractor Profiles provide information on a contractor’s payment history, lien claims, and reviews from other contractors and suppliers. Another option is to give the vendor a copy of your lien policy , which shows what actions you will take to collect payments from your customers. Get more trade preferences. Learn More.