Lien

In law, a lien (UK /ˈliːən/ or US /ˈliːn/) is a form of security interest granted over an item of property to secure the payment of a debt or performance of some other obligation. The owner of the property, who grants the lien, is referred to as the lienor and the person who has the benefit of the lien is referred to as the lienee.The etymological root is Anglo-French lien, loyen "bond", "restraint", from Latin ligamen, from ligare "to bind".In the United States, the term lien generally refers to a wide range of encumbrances and would include other forms of mortgage or charge.
Posts about Lien
  • Loss Mitigation in Bankruptcy Court

    … When a client walks into the office of a New York bankruptcy attorney with the intent to declare personal bankruptcy, it is often with head held low, believing everything is about to change. But did you know that the concept of bankruptcy is far from a recent legal construct? Article 1 of the United States Constitutionactually authorizes Congress…

    Ronald D. Weiss, PC- 12 readers -
  • ARE YOU A CONSTRUCTION LIENOR?

    …! Florida Statue s. 713.01(18) defines a lienor as follows: (18) “Lienor” means a person who is: (a) A contractor; (b) A subcontractor; (c) A sub-subcontractor; (d) A laborer; (e) A materialman who contracts with the owner, a contractor, a subcontractor, or a sub-subcontractor; or (f) A professional lienor under s. 713.03; and who has a lien…

    Florida Construction Legal Updates- 11 readers -
  • APPELLATE ATTORNEY’S FEES AND THE SIGNIFICANT ISSUES TEST

    … The significant issues test to determine the prevailing party in construction lien actions (which, by the way, also applies to breach of contract actions) applies to appellate attorney’s fees too! Under this test, the trial court has discretion to determine which party prevailed on the significant issues of the case for purposes of attorney’s…

    Florida Construction Legal Updates- 15 readers -
  • Triggering the Statute of Limitations in a New York Foreclosure Action

    … and complaint in supreme court. Contact a Long Island Bankruptcy and Foreclosure Attorney for Case Analysis There have been a string of recent newsworthy New York foreclosure cases involving violation of the six-year statute of limitations. As New York has one of the nation’s longest foreclosure processes and loans are often transferred between…

    Ronald D. Weiss, PC- 10 readers -
  • CONSULT WITH COUNSEL WHEN PREPARING CONSTRUCTION LIENS

    … All too often entities prepare their own construction liens. Sure, it is an effective way to save a few bucks. No doubt about it. But, by doing so, you are (i) not relying on advice of counsel that is important when it comes to lien preparation and (ii) not relying on strategy that goes along with the preparation of a lien. When you are liening…

    Florida Construction Legal Updates- 9 readers -
  • INVESTIGATION: Clayton Homes, Vanderbilt Mortgage, 21st Mortgage

    … Clayton Homes… by far the biggest player in the mobile home industry. Along with Vanderbilt Mortgage and 21st Mortgage and 25+ other companies, the Clayton Home empire is huge. And it just may be the most predatory mobile home seller and lender in the nation. Clayton Homes was purchased by billionaire Warren Buffett’s Berkshire Hathaway in 2003…

    Due Diligence- 19 readers -
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