Florida Agreement to Subordinate Lien Between Lienholder and Lender Extending Credit to Owner of Property Subject to Lien

State:
Multi-State
Control #:
US-01052BG
Format:
Word; 
Rich Text
Instant download

Description

Different liens on the same property usually have priorities according to the time of their creation. To achieve the subordination of a prior lien, there must be an actual agreement to that effect.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

Contractors, laborers, materials suppliers, subcontractors and professionals such as architects, landscape architects, interior designers, engineers or land surveyors all have the right to file a claim of lien for work or materials. Always require a release of lien from anyone who does work on your home.

If the person who owes money has a judgment entered against him or her but has no assets, there still may be some long-term options. A judgment for damages (i.e., a sum of money) can become a lien on non-homestead real property in a county if a certified copy of the judgment is recorded in the clerk's office.

To attach a lien, the creditor must record the judgment with the county recorder in any Florida county where the debtor owns real estate now or may own real estate in future. For liens on personal property, the creditor files the judgment with the Florida Department of State.

Ing to Florida law, those who work on your property or provide materials, and are not paid-in-full, have a right to enforce their claim for payment against your property. This claim is known as a construction lien.

Yes, in the state of Florida you can file a Mechanics lien for nonpayment if you have a direct agreement (whether verbal or written) with the owner of the property.

Liens are recorded and indexed using the property owner(s) name and by legal description. If you are inquiring about a specific lien and know the year in which it was recorded, you may contact the Official Records Department at (407) 836-5115. A customer service representative will be happy to assist you.

Filing your own lien in Florida has varying costs. Depending on the supporting documentation and length of your lien paperwork, it can cost as little as $10 for the first page and an additional $8.50 for each additional page. Find your local county recorder to view specific filing fees in each location.

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Florida Agreement to Subordinate Lien Between Lienholder and Lender Extending Credit to Owner of Property Subject to Lien