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The Priorities within a Mechanics Lien

When a judge has to enforce a ruling and the debtor in the case owns real estate property, then recording liens and ensuring the priority of the lien is clear is of tremendous importance. In theory, when a debtor has sufficient equity in their property, the property should be refinanced in order to pay the money that is owed. Alternatively, the creditor may agree to have the money paid to them once the property is sold. In most cases, the first person to have recorded a lien will be the winners.  However, it is very important to seek legal advice about this if you do have any concerns about a mechanics lien. First to Record The idea of the first to record a lien being the winner is because liens are recorded in chronological order. Hence, the first lien is ranked superior to any others. Some legal professionals will refer to these as the “senior liens”. So long as the senior lien is also valid, then all the other liens will have to wait their turn. So, for instance, if […]

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Installment Loans – The Perfect Option for People with Bad Credit

If you have bad credit and you need money fast, you may feel as if there is nowhere to go. However,you may want to look into installment loans, which are long term loans, as these exist specifically for people with bad credit. However, it is likely that you will have to be able to prove you are in permanent employment before you will be accepted for this type of loan, as the lender will need to know that you can make the repayments. So how do you get one of these loans? Having the Right Attitude First of all, always remain positive. Before you do anything, you also have to do some research. Start with yourself: what is your current income and what are your expenses? You are not trapped by bad credit, but you do need to know just how bad your credit actually is. This will enable you to only approach those lenders that will consider someone with your particular history for their installment loans. Check Your Options Ideally, you should be able to go to the bank […]

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