What Is a Notice to Owner (NTO)? A Notice to Owner (NTO) is a legal document that contractors, subcontractors, and suppliers send to a property owner to notify them that they are providing labor, materials, or services for a construction project. It serves as a preliminary notice that protects their right to file a mechanic’s…
It may be kind to lend money, but it can also be risky. People who owe money don’t always pay it back. Creditors who are owed money may look for other ways to get their money back, whether they are individuals or businesses. One choice could be to put a lien on the debtor’s real…
Filing a lien depends on the type of lien you need to file (e.g., mechanic’s lien, property lien, tax lien, judgment lien). Below is a general step-by-step guide for filing a mechanic’s lien (commonly used in construction and contractor work). If you need information on a different type of lien, let me know! How to…
Assessment liens are an involuntary lien linked to a homeowners property for the benefit of a homeowners’ association, after any HOA member becomes overdue on their HOA assessments. This type of lien enables the HOA to sell the homeowners property to payback assessments indebted to the HOA. This type of lien also acts as a…
If you are getting ready to sell your house, a quick search of public records can uncover an existing lien. A lien can undoubtedly throw a wrench into the whole transaction. Let’s take a deeper dive into home/property liens. What Are The Types Of Liens On A House? A lien is a legal notice attached…
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 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…
If you have ever attempted to sell a or purchase home, you might be informed with property liens—which are linked to its mortgage. However, liens can additionally be put on other kinds of property, including vehicles or possibly work done on your home. What is a lien? And how do you get one taken off?…