| worker at a construction site, and an owner of that land. The worker makes the time and effort investment on the assumption that the owner will pay, but until the owner does pay, first residential mortgage owner is in a significantly superior power position. The improvements have already been made, and it will not significantly benefit the worker to demolish the work. Thus, unscrupulous owners could simply lock the tradesman out of the property, retain the benefit, and refuse to pay. Additionally, as a society we benefit first residential mortgage having improvements to buildings, and knocking them down as a resolution to disputes is economically inefficient. Because of the difficulties inherent in contract suits, most clearly time and cost, states decided to provide a simpler procedure for putting pressure on an first residential mortgage to pay a claim, short of executing a judgment. While the mechanics lien is overall a benefit to the worker, there are protections in the process for the owner. Generally, the first residential mortgage must follow a strictly constrained process, and failure to follow that process will invalidate the lien. Some parts of that process are intended to prevent disputes from occurring, such as a structure of mandatory notices and first residential mortgage that provide the owner an opportunity to ensure that the project's finances are being properly managed, in addition to being able to monitor the physical progress of the work. Real property of the government is ordinarily not subject to the first residential mortgage of private parties, and a purported state-law mechanic's lien against government land is generally void. However, the personal property of |
first residential mortgage - domain.com
