A lien is a notice attached to your property which puts everyone on constructive notice that a creditor has a claim. A lien is typically a filed and recorded in the county public records (if involving real property) or with the secretary of state (if involving personal property). Why does a lien help a creditor? Well... in order to sell or refinance the property, the borrower's lender is going to require clear title on the property as a prerequisite to the loan. Thus, a lien existing on your house
The laws that govern Connecticut foreclosures are found in the General Statutes of Connecticut Title 49 Mortgages and Liens. (CGS §§ 49-31d to j) provides to unemployed and underemployed borrowers to petition a court-ordered six-month security from mortgage foreclosure and to restructure the mortgage payments. What is the title and lien theory? A title theory is a formal document that serves as proof of ownership or a set of rights in a piece of property in which someone may have a legal share
“Hot off the press! Get your guide on what not to do when purchasing a home.” I wish I had a guide like this one before I purchased my second home. I had warning signs all around me that I chose to ignore. The only thing I knew for sure is I wanted a four bedroom two car garage and I was going to get it anyway possible. Later I received a crash course on the grueling process of going through a short sale and all the stress it puts on your relationship. Though losing this home, I learned not
was considered a “present danger”, entitling the tug to salvage compensation (Mandaraka-Sheppard, 2009, p.726). Lastly, another difference is that a tugowner cannot have a maritime lien on the tow for the prefixed towage payment; however salvors have that right, since salvage claims have the backing of maritime liens (Institute of Maritime Law, 2008, p.185).
The importance of lien services in the construction industry cannot be ignored. Even the smallest of construction projects go through the same process, protocols and procedures in order to complete successfully. In order to ensure that all the paperwork involved is current and in order and that all the parties involved in the project such as contractor and suppliers are paid for their services, many company offer their services. They exist solely to protect the rights their lien rights. Here we will
Plato’s allegory of the cave, located in Book VII of The Republic is one of the most famous allegories in which he has created. This simile touches base on a number of philosophical ideas which Plato developed over the progression of The Republic (Plato, G.M.A Grube, 1993), the most noticeable being the dividing line. The dividing line is the point between the world of ideas where we live and the world of the forms which is in the heavens. This allegory of the cave helps people understand the theory
The short story, The Shrew: Sharp Tongued Ts’ui-lien is a comical piece about conformity and societal expectations. Within the story we are introduced to a young woman with the disposition to talk relentlessly, and with a need to have all of her ideas heard. However, the societal expectations are stifling and are focused on obedience of tradition and decency. Through comedy, Ts’ui-lien upsets the balance and need to remove herself from society completely as the only viable solution for others to
that are quite common, but have their own differences for each possibility. New York and Massachusetts have strict laws on timeshares and mechanic liens, but the time frames for filing and what is covered is very different. In the following paper the timeshare and mechanic lien statutes of New York and
subject to restrictions, repression, abuse, persecution of the most profound, so their resistance is the strongest. The novel "K’uai-Ts’ui Li Ts’ui-lien Chi" create a dare to challenge the established ruling order, dare to contempt for feudal ethical education, dare to fight for the independent
Why do the Chinese students respect their teachers and parents so much that they try their best obeying every instructions and demands from their superiors without any complains or arguments? It is because students and children are taught in that way in Chinese culture for thousands of years. Taoism and Confucianism, the two most influential philosophies of China have been represented by characters in the film Crouching Tiger, Hidden Dragon directed by Ang Lee. Taoism is a philosophy created by
the past due support is incorrect. The Child Support Enforcement Division (CSED) has reviewed the facts and finds no error. The lien/levy process is based on outstanding arrears balances and not on payments that are court ordered. The CSED has reviewed the facts concerning the joint account and determined $448.12 will be released back into the joint account. The lien/levy remains in effect. It is not revised or released and please contact the county caseworker in reference to balances and case
the accepted role of donor-sponsor. The Lien Foundation places value on institutional capacity building, innovation, collaboration and new solutions. To achieve meaningful results, it builds progressive partnerships with organizations. It has launched a variety of initiatives in several sectors including early childhood education, end-of-life care and eldercare. Two important initiatives include the Lien Centre for Social Innovation as well as Lien AID. Lien AID’s focus is on learning and implementing
1996 it “relieved the city task of collecting $250 million in tax liens -- claims for overdue property taxes -- by the Giuliani administration's Giuliani changed the way we seized properties by selling tax liens. A lien is the tie to the property that is activated by the debt. This law enabled New York City the ability to collect tax revenue upfront by selling liens on unpaid property taxes and related charges. The selling of tax liens provided the city relief on outstanding debts property owners incurred
parties agreed on, failure to which can be termed as negligent act. In this case, Mechanics National Bank owes Ms. Warren a duty to remove the lien it had on the vacant land upon payment in full of the underlying loan. The agreement between Ms. Warren and Mechanics bank was that once Ms. Warren pays the loan in full, the bank is to immediately remove the lien on the land. If this is done, Ms. Warren can use the land as an asset to do whatever she wants, which can include making it as collateral in
UNPAID SELLER Seller: - A person who sells the goods or agrees to sell the goods is called seller. Unpaid: - It means payment is not made or without payment. In the above given case we can say that Miss Priya is the seller while Mr. Ravil is the customer or purchaser of goods. Miss Priya has sold jewelry worth 6 lacs to Mr. Ravil and in exchange received a cheque for the full amount. This cheque on presentment to the bank, was dishonored. Therefore Miss Priya becomes an ‘unpaid seller’. The term
been through even more transfers. It is possible that a weak link at any part of the chain of title could cause ownership problems. As an example, someone may have forged a signature when transferring title, or there might be unpaid property taxes or liens in the property. Title insurance covers the property owner as well as the lender for almost any claims and legal fees that arise from those types problems. Title insurance protects against losses due to events that occurred before the date of the
criticism). In Arrow of God Ezuelus wives represent these mothers, the good mother is represented by Ugoye, who is always kind and just with her children. The wicked mother is Matefi, who exhibits great jealousy for Ugoye. In Crouching Tiger, Hidden Dragon Lien symbolizes the good mother, as she attempts to counsel and guide Jen away from her corruption. Jade Fox is the wicked mother who led Jen towards her corruption. There is also a similarity in all mythological heroes in that they have gifts granted by
you agree to sign the quitclaim. If you still refuse, the court may issue a judgment that acts in lieu of a signed quitclaim deed. Mortgages and Liens You can surrender your rights to a property, but you can't erase your obligations to it. Signing a quitclaim deed does not remove your financial obligation to pay an existing mortgage or any other liens, such as those for construction, that are already on the property. Even after you surrender ownership, your original contract for the mortgage and
Case: Indianapolis Car Exchange v. Alderson Issue: When doing an evaluation of any case, you should always look at all the relevant facts and issues involved before jumping to conclusions. As for this case, Mike Thurmond, the operator of Top Quality Auto Sales, a used car dealership, has financed his dealerships inventory of vehicles by creating a financing arrangement with Indianapolis Car Exchange (ICE). ICE then filed a financing statement that listed Top Quality’s inventory as collateral for
Insurer’s subrogation rights. See Rogers, 76 Va. at 446-47. The prior settlement agreement between the Plaintiff and Defendant clearly conveyed such notice to the Defendant. Accordingly, even if the settlement of Plaintiff’s counterclaim in the mechanic’s lien action precluded the Plaintiff from raising the claims at issue here, the settlement could not similarly preclude the Plaintiff’s Insurer from raising the claims as Plaintiff’s subrogee. Therefore, the Defendant has failed to meet its burden to show