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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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Selling a House with Solar Panels is Fraught with Peril

Green Building Law Update

That observed, many residential solar panel ‘leases’ contain language similar to, You agree that the solar panel system is the Company’s personal property under the Uniform Commercial Code. That fixture filing is in most states a lien or encumbrance against the system. Some of the companies engaged in this business (.

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

Green Building Law Update

But commonly, residential solar panel leases provide language similar to, You agree that the solar panel system is the Company’s personal property under the Uniform Commercial Code. It is common that residential solar panel leases provide language similar to, If you sell your home you can transfer this lease and the monthly payments.

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

Green Building Law Update

But commonly, residential solar panel leases provide language similar to, You agree that the solar panel system is the Company’s personal property under the Uniform Commercial Code. It is common that residential solar panel leases provide language similar to, If you sell your home you can transfer this lease and the monthly payments.

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PACE Bill Due in Baltimore City

Green Building Law Update

The concept is not new, but nationally including in Maryland, “residential” PACE programs were put on hold as a result of a directive in 2011 that Fannie Mae and Freddie Mac refrain from purchasing mortgage loans secured by properties with outstanding PACE obligations. Commercial PACE programs are still very new.

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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

Retention can be withheld on residential or commercial projects and on both public and private projects. Both retention accounts are shown as current assets and current liabilities, respectively. Plus, not recording retention payable leads to the understating of a company’s liabilities. Fariba Mehdian. View profile.

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Louisiana Home Improvement Contractors License Requirements

Construction Law Monitor

Contractors can find out information on commercial, residential, home improvement and mold remediation. This application is less formal than the Residential Contractor license application. Of course other contractors who have a better license do not need this one, such as commercial and residential contractors. Related articles.