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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Sign up to use the LiensNC system or login with your existing user credentials. Select the Appointment of Lien Agent option. Provide the contact information for the owner of the project property, including: Name.
? All claims of lien on real property must be filed in the office of the clerk of superior court in each county where the real property subject to the claim of lien on real property is located.
How long does a judgment lien last in North Carolina? A judgment lien in North Carolina will remain attached to the debtor's property (even if the property changes hands) for ten years.
Chapter 44A of the North Carolina General Statutes includes the lien laws intended to enforce this guarantee. A lien gives a party security by allowing it to place a claim on real property or funds when moneys are owed, until those moneys are paid.
Subordination is the process whereby one party is allowed to have a higher priority in potentially competing claims. Thus, the title insurance company and/or bank want to be ahead of any other potential claimant who has provided labor and/or materials.
Types of Liens in North Carolina The three most common types of liens are tax, mechanic, and judgement. Each one has specific guidelines to follow in order to file and enforce the lien.
A: The filing fee for an Appointment of Lien Agent is $30 for a 1-2 Family Dwelling and $58 for any Other property type. Q: Which lien agent should I appoint to my project? A: Any of the authorized Lien Agents can be appointed to your project.
