How Do I Remove A Lien From My Property If The Contractor Is No Longer In Business?
Video Summary
How do I remove a lien from my property if the contractor’s no longer in business? The construction lien statutes provide a couple of ways to have the lien removed. One is you can transfer it to a cash bond and that way you can remove it from the property and proceed with a refinance. The second way, if you’ve already paid them and you wish to remove the lien, you can file a notice of contest of lien in the public records and the contactor has 60 days in which to file a foreclosure action or else the lien is extinguished. Those are two ways to do that.
The other way if you’ve paid the contractor and to track down to try and get him to sign a release, if you’ve done that, you also whenever you’re refinancing or selling the property, you need to terminate your notice of commencement and then also get a contractor’s final affidavit from whoever did the work for you under the notice of commencement in order to be able to ensure that the title against any construction liens.
If you have a problem with a construction lien and problems with your contractor, give me a call. I’ll be glad to help you and see about getting the transaction closed for you or eliminating the claim of lien. Give me a call at 727-847-2288.
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Once I Receive A Homestead Exemption How Do I Get My Mortgage Payments to Lower?
Video Summary
Once I receive a homestead exemption, how do I get my mortgage payments to lower? You cannot get your payments lowered once you get your homestead exemption in place. That is a function that your mortgage company does. They review your escrow, and it’ll take them about 18 months after you get your homestead exemption. You get your first tax bill, they will then analyze your escrow to see if they’re collecting too little or too much, and then they will adjust your payments.
You cannot, just because you filed for homestead exemption, get them to lower other than if you call your lender and try and talk to them about it, you may be able to talk to them about it, but I think that you’re going to wind up being somewhat frustrated until they see the actual tax bill. Once you file for homestead exemption, the following November after you file, after the first of the next year, is when the first bill will come out and then after that they will take some time to adjust it. It is a function of your lender, who is obligated by law to review your escrow. I’m not sure just the time period, but I’d give it about 18 months after the first of the year. Big thing is, be sure you file for homestead exemption. If you have any questions about your mortgage, give me a call at 727-847-2288.
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Lunch With A Lawyer – Oct 10, 2017
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Lunch With A Lawyer – Sep 21, 2017
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Can A Convicted Felon Be the Guardian Of His Parents?
Video Summary
Can a convicted felon be the guardian of his parents? The answer is no, he can not. What are they to do? There’s any number of professional guardians that the court can appoint that do this on a regular basis. I guess I’m answering the question, I don’t know quite how to elaborate, but guardianships are certainly an expensive and not very good procedure.
So I would hope that, folks, if you are a convicted felon you can urge your folks to possibly set up a trust or some other arrangement. Do some estate planning in order to provide for whom they would like to take care of their money. And then, as far as a healthcare surrogate, as far as making healthcare decisions for them.
They can also sign what they call a pre-need guardian form, which would not … Even thought they designate a convicted felon, that you would not be able to serve, but maybe some alternate so they will control who their guardian would be.
With guardians, there’s a guarding of the person who is the one that makes decisions as far as the person who is referred to as a ward, as far as healthcare decisions, medical treatment, making sure that they’re taken care of.
Then you have the guardian of the property. And that’s the person who takes care of paying the bills, investing the money, and being sure that they money is used, is required in the guardianship to file annual accountings. And the guarding the person has to file an annual plan that says how the ward is doing and what arrangements have been made for the ward.
If you have any questions, I have Erica [Munns 00:02:08] with my office, who works in guardianships and would be glad to talk to you about a guardianship for your, for anyone for that matter, and go through what’s involved in the process. Give myself a call or Erica Munns at 727-847-2288.
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