At the appropriate time to get a lien released, it’s essential to make sure the lien release form is proper to the circumstance, and that it adheres with state law. A lien is a legal method of procuring the payment of a liability. When a lien has been put on your property to procure payment…
A lot of businesses get bonded without comprehending the exact conditions of the bond agreement. In a worst-case scenario, this could result in a surety bond claim. That is why it’s vital to comprehend how surety bonds work, and what they are. What is a Bond Claim? Surety bond claims are legal proceedings that a…
When an individual owes you money and you do not receive a payment, there are several courses of action you can take. Sending letters demanding payment or hiring a collection agency can work, but if the efforts prove unsuccessful you can always file a lawsuit against the debtor. You can then use a court judgement…
A lien is a legal claim or right against a property by creditors. Finding any type of lien on a property throughout a real estate transaction could be a complete deal breaker in the sale. At a minimum, it may slow down the transaction procedure and turns out to be a nuisance for buyers, salespeople,…
A Notice to Owner (NTO) is a written notice that officially informs the owner of a progress that the senders, typically a vendor or contractor not negotiating directly with the owner, is looking to the owner to make sure the senders is paid prior to payment being made to the contractor on the project. Some…