During this webinar Charles will explain just how to can make money with secondary liens
and he'll also show some secondary lien
opportunities that are available for investors to take advantage of now.
A subordination agreement, where the parties agree to subordinate lien
rights to (usually) a mortgage interest, is enforceable, even if made before the lien
rights have arisen.
Can the creditor file its mechanics' lien
From the first lien
lender's perspective, permitting a second lien
loan allows the first lien
lender to meet its customer's borrowing needs without extending its own credit beyond limits it considers prudent.
Q Why is a contractor allowed to submit a lien
on a property?
RELATED ARTICLE: How Second Liens
Complicate a Workout
Unlike McDermott who had a small lien
, many homeowners who are delinquent on municipal taxes have also fallen behind on other payments, such as credit cards, and amassed a sizable amount of debt," Viscariello said.
Third, the administrative sale of TE property subject to a Federal tax lien
presents practical problems that limit the usefulness of the IRS's seizure and sale procedures.
Knowledge of the origins of mechanics' lien
laws aids in understanding how landscape contractors can use these laws to help them recover money owed to them.
securitization is accomplished through the creation of a trust which purchases outstanding liens
of one or more jurisdictions.
At that time the IRS had not yet filed notice of its lien
and Williams was unaware of it.