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Author Topic: Lien Line Position on Deeds in New York State  (Read 15461 times)

StoneBear454f

  • Guest
Re: Lien Line Position on Deeds in New York State
« Reply #45 on: April 30, 2009, 07:56:36 PM »
as with all discourse there comes a time, wherein, Ya cut your
loss's, and except the fact that...at the very least...it was a good try...Having said that...
and with all do respect...
the following applys...

As Ya all are out there Posting Your Property Lines...
Ya Maybe Kinda Sorta...Wanna think about...
Having JETHRO...paint some...NO TRESSPASSING SIGNS....
for your ...LIEN LINE...

Good-By...Cheers...
Admin...I like whackin Spammers...
And will continue to do so...If that helps...StoneBear454f

rfscala

  • Guest
Re: Lien Line Position on Deeds in New York State
« Reply #46 on: May 02, 2009, 04:55:02 AM »
Because the subject of this thread -- first lien position of mortgages -- is and will always be VERY important, I ask that Admin or a moderator consider moving the whole land title portion to it's own thread.

StoneBear found and brought to our attention this previously unknown problem and saved a bunch of us from loads of grief. I would also like to thank Stoney for this and for the multitude of other issues (like mapping project for his area) that we have benefited from and all the constant tireless work that we forget to say "Thank You" for.

Just over a year into this gasicane (which should last lifetimes after we are gone) and I know my brain is jelly and needs a break every once in a while. Too many issues to learn at once. So much to forget again and need reminding of.

Anyway, just my opinion as usual.
Robin

StoneBear454f

  • Guest
Re: Lien Line Position on Deeds in New York State
« Reply #47 on: July 26, 2009, 07:22:47 PM »
A Lien Line Requiem of repose...

   For all the work...for all the effort of the local banking industry
personnel...the contact with learned leaders and the discussions
with those that know better...yet again...as if a cat...with multiple
lives...Lien Line Position has reincarnated itself into...

   "Lessee shall have the right at any time to redeem for Lessor,
    any past due taxes, mortgages, judgements, or other Liens
    and encumbrances on or against any land or interest included
    in the Leasehold and Lessee shall be entitled to recover from
    the Lessor debtor, with legal interest and costs, by deduction
    from any future payments to Lessor or by any other lawful
    means.  At The Written Request by Lessee, Lessor shall use
    Commercially Resonable Efforts to Obtain a SUBORDINATION of
    its Mortgage on the LeaseHold from its Mortgagee, Bank
    or Lender."
   
    This topic is now going to be locked...End of Story.
    A sad epitaph carved in the stone of Gasicane History...
   

Kilgour Farms

  • Guest
Re: Lien Line Position on Deeds in New York State
« Reply #48 on: July 26, 2009, 07:48:53 PM »
What does commercially reasonable effort mean?

http://definitions.uslegal.com/c/commercially-reasonable-efforts/

At The Written Request by Lessee, Lessor shall use
    Commercially Reasonable Efforts to Obtain a SUBORDINATION of
    its Mortgage on the LeaseHold from its Mortgagee, Bank
    or Lender."

This can really screw you. I don't think the banks/mortgage company would agree to it if asked to take a subordinate position which would make it a "Commercially Reasonable Effort" on the part of the lessor.
« Last Edit: July 26, 2009, 07:51:29 PM by Kilgour Farms »

StoneBear454f

  • Guest
Re: Lien Line Position on Deeds in New York State
« Reply #49 on: July 26, 2009, 09:05:44 PM »
Kilgour...it means You pay to get your ass nailed to the
   Barn Wall...edit if so desired... :D :D :D...but this is
   very serious...You know I fight Lien Line...this past
   Tuesday in the TriTown area was asked to explain
   Lien Line at lunch...We had already agreed this was
   a dangerous clause...they expected a "What If" discourse
   but instead I walked in and dropped..."At the written request
   of Lessee, Lessor shall use all Commercially Resonable efforts to
   obtain a SUBORDINATION of its mortgage on the LeaseHold from
   its Mortgagee, Bank or Lender..."
    The word Mortgagee is not comman parlence in normal discussion
   regarding mortgages...an insider term so to speak...that is when
   We realized something was very wrong indeed...our so called
   Partner...had in fact...thru creative verbage...designed a Claws
   whereby We the Lessor would be responsible to buy the rope
   which for all intents and purposes...would Hang ourselves...
    
    
« Last Edit: July 27, 2009, 09:29:24 AM by StoneBear454f »

 


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