Tag: Residential
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Residential Construction: Are Homeowners Renovating or Building New?
The housing market is a big deal. Not only is housing one of the most significant leading economic indicators, but private residential construction (calculated this year to come in at a seasonally adjusted annual rate of $503.4 billion) represents over half of all private construction project value in the nation with spending classified into 3…
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CFM Review, 05-05-2017 | Housing News and a New, Free Resource from zlien
This week’s Construction Financial Manager Review features a selection of interesting articles from across the industry this week. Our goal is to make it easy for all construction financial professionals to stay informed about what matters to them.
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LLCs and Liens on “Owner-Occupied” Residences
Preliminary notice requirements for mechanics liens vary from state to state and project-by-project. One particular type of project that can prompt extra, or at least differing, notice requirements in several states is a project on an owner-occupied residence. Many states have made a determination that homeowners deserve some higher standard of notice or protection regarding…
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Condominium Liens: Projects on Apartments and Condominiums – Commercial or Residential?
We’ve mentioned several times that, in order to have a valid mechanic’s lien, it is generally imperative the lien claimant not miss his notice deadlines. Calculating the deadlines can sometimes be confusing, and even if it is entirely clear what type of project gave rise to the lien claim, and what role the lien…
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Sarasota Herald-Tribune Reporter Unfair To Mechanics Lien Laws
Michael Braga of the Sarasota Herald-Tribune (@MichaelBraga2) published an article last week titled “Harassing lien angers Sarasota senior,” reporting on a mechanics lien filed by Gulfeagle Supply against “a retired…resident living on social security.” The article is clearly biased in favor of the retiree homeowner and against the “harassing” company. It appears to be poorly…