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| Topic: |
Business
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| Number of pages / Number of words: |
8 / 2024 |
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The two types of liens involved with real property are mechanic’s liens (for service and labor) and materialmen’s (supplies and materials) liens. Liens are usually placed against clients (who do not contract with general contractors) due to subcontractor invoices not being paid or contractors against client’s property due to contractor invoices not being paid...
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Lien releases are awarded by the court, in most cases or by the mutual agreement of the parties involved.
b. The corporation wants to take advantage of the increased value of the property they own. Explain what they need to do to be able to refinance the property. Examine the functions and applications of secured and unsecured interests...
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