| payment of the loan, either in its entirety or a specified portion. Also, some refinanced loans, while having lower initial payments, may chase mortgage payoff in larger total interest costs over the life of the loan, or expose the borrower to greater risks than the existing loan. Calculating the up-front, ongoing, and chase mortgage payoff variable costs of refinancing is an important part of the decision on whether or not to refinance. Mechanics liens are a reaction to the imbalance of power between a worker at a construction site, and an owner of that land. The worker makes the time and effort investment on the chase mortgage payoff that the owner will pay, but until the owner does pay, the 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 chase mortgage payoff benefit by having improvements to buildings, and knocking them down as a resolution to disputes is chase mortgage payoff 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 owner 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 worker must follow a strictly constrained process, and failure to follow that chase mortgage payoff will invalidate the lien. Some parts of that process are intended to prevent disputes from occurring, such as a structure of mandatory notices and disclosures that provide the owner an opportunity to ensure that the project's finances are being properly managed, in addition to being able chase mortgage payoff monitor the physical progress of the work. Real property of the government is ordinarily not subject to | ![]() |
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