AAbsolute
AAbsoluteBannedWatercolor, Watersound and 12 days a year 59th Str1,814 postsJoined View profileMessageBanned
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Does anyone understand how these liens work? I saw King Dewey and Co. were very busy today with these liens. I haven't seen an instrument just like this. On it's face it looks like a super-priority lien. There were quite a pile of them filed today. If you asked me 5 years ago today if I believed Dewey Wilson would stick a sword in Consolidated when they were down I'd say, "You must be out of your mind."
Edited
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10Bobby J
Bobby JBeach FanaticBlue Mountain beach4,041 postsJoined View profileMessageBeach Fanatic
:popcorn: Don't mess with the mafia!
AAbsolute
AAbsoluteBannedWatercolor, Watersound and 12 days a year 59th Str1,814 postsJoined View profileMessageBannedAuthor
:popcorn: Don't mess with the mafia!
Messing with the mob is what got Rudolph Giuliani his first bit of recognition.
Bobby J
Bobby JBeach FanaticBlue Mountain beach4,041 postsJoined View profileMessageBeach Fanatic
Messing with the mob is what got Rudolph Giuliani his first bit of recognition.
It may get one recognition but it may also get one no water.:bang:
Matt J
Matt JSWGB24,862 postsJoined View profileMessageSWGB
It may get one recognition but it may also get one no water.:bang:
Or a whole lot of water over ones head. :shock:
Matt J
Matt JSWGB24,862 postsJoined View profileMessageSWGB
BTW, I don't do realtor-eaze very well, what development is this?
John R
John Rneeds to get out moreConflictinator6,782 postsJoined View profileMessageneeds to get out more
it looks like a super-priority lien.
meaning this entity would receive their monies first? aren't liens settled on a first filed/first paid basis?
AAbsolute
AAbsoluteBannedWatercolor, Watersound and 12 days a year 59th Str1,814 postsJoined View profileMessageBannedAuthor
meaning this entity would receive their monies first? aren't liens settled on a first filed/first paid basis?
I'm not a lawyer, but I met one once. Generally speaking, first in time is first in line. That said, there are some cases where an underlying document or rule allows the filing of the lien to occur and then revert back to the date of the underlying document. One case might be, the filing of a Notice of Commencement gives certain lienors lien rights that revert back to the date of filing of the Notice of Commencement. In that case, they may not file a lien prior to another lienor, but the Notice of Commencement grants them priority over another lienor who filed before them.
Condominium Associations file their Association Documents for all to see. If those fees are secured by way of a lien, they gain priority over some lienors. Federal Tax Liens attach to all property of the taxpayer, but not until recorded in the County in which the property is titled. etc, etc, etc
These liens that are the subject of this Thread are a first for me to discover. If they are held to be valid, I may know a firm or two who would pay for their assignment. I believe that Florida has entitled liens as assignable without the consent of the landowner.
Matt J
Matt JSWGB24,862 postsJoined View profileMessageSWGB
I'm not a lawyer, but I met one once. Generally speaking, first in time is first in line. That said, there are some cases where an underlying document or rule allows the filing of the lien to occur and then revert back to the date of the underlying document. One case might be, the filing of a Notice of Commencement gives certain lienors lien rights that revert back to the date of filing of the Notice of Commencement. In that case, they may not file a lien prior to another lienor, but the Notice of Commencement grants them priority over another lienor who filed before them.
Condominium Associations file their Association Documents for all to see. If those fees are secured by way of a lien, they gain priority over some lienors. Federal Tax Liens attach to all property of the taxpayer, but not until recorded in the County in which the property is titled. etc, etc, etc
These liens that are the subject of this Thread are a first for me to discover. If they are held to be valid, I may know a firm or two who would pay for their assignment. I believe that Florida has entitled liens as assignable without the consent of the landowner.
:sick:
I'll try this one again in the morning. Seems like it's missing some "where fores".
AAbsolute
AAbsoluteBannedWatercolor, Watersound and 12 days a year 59th Str1,814 postsJoined View profileMessageBannedAuthor
:sick:
I'll try this one again in the morning. Seems like it's missing some "where fores".
Roll a tree, feel the breeze and listen to a symphony. Now you're ready.
AAbsolute
AAbsoluteBannedWatercolor, Watersound and 12 days a year 59th Str1,814 postsJoined View profileMessageBannedAuthor
Florida Community Services filed another $464,000 in Liens today like the others. This is giant money. It'll be interesting to me to see if they are granted the super-priority status. This could become quite the investment vehicle. On their face the Liens are accruing 12% plus attorneys fees and look to be securitized by super priority.
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