Massachusetts Subordination Agreement - Lien

State:
Multi-State
Control #:
US-00640
Format:
Word; 
Rich Text
Instant download

Description

A request has been made by a second lienholder to the first lienholder that the first deed of trust or mortgage be subordinate to the second deed of trust of mortgage.
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FAQ

The Massachusetts mechanic's lien law establishes a system for owners, contractors, and subcontractors to notify each other about the existence of construction contracts. A lien becomes effective when a lien notice is filed on the land records. The law sets three optional deadlines for filing it.

About Massachusetts Notice of Intent to Lien Form No one wants to be forced to file a mechanics lien, and this document gives all of the parties involved one final chance to take care of the payment issues on a project. This form advises the party that a lien will be filed if payment is not received within 10 days.

How long does a judgment lien last in Massachusetts? A judgment lien in Massachusetts will remain attached to the debtor's property (even if the property changes hands) for 20 years (for liens on real estate) or 30 days (for liens on personal property).

Massachusetts provides lien rights to parties to secure payment of a sum owed by an owner of real estate.

183A § 6(c), outstanding condominium fees are a lien against the delinquent unit from the date the fees become due. The delinquent unit owner is personally liable for all condominium fees, including late charges, fines, interest and collection costs.

The notice must be filed or recorded in the registry of deeds in the county or registry district where the land lies by the person entitled to the lien. The statute contains a form notice referred to as a notice of contract.

Laws, cases and web sources on mechanics' lien law. A builder, contractor, or subcontractor can record a mechanic's lien at a Registry of Deeds on property (not automobiles) for which they have supplied labor and/or materials in order to secure payment for their work.

Yes, a lien may be placed on property that is jointly owned.

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Massachusetts Subordination Agreement - Lien