Liens fannie mae - REO Property Preservation Forum
Reply
 
LinkBack Thread Tools Display Modes
post #1 of 12 (permalink) Old 01-24-2014, 09:16 AM Thread Starter
Member
 
Join Date: Sep 2012
Posts: 37
Thanks: 3
Thanked 10 Times in 7 Posts
Liens fannie mae

How do i go about putting liens on fannie mae. I have never had to do this but nvms is coming up on 90 pass due on pay. They said that the checks are held up due to weather which is bs. So getting ready to lien them for 1200.00 on unpaid wo. Any info you guys can tell me or point me would be great
thanks guys
iron moe is offline  
Sponsored Links
Advertisement
 
post #2 of 12 (permalink) Old 01-24-2014, 11:15 AM
How I wanna be a PP Pro
 
Wannabe's Avatar
 
Join Date: Oct 2012
Location: USA
Posts: 1,103
Thanks: 232
Thanked 1,277 Times in 562 Posts
Your not liening Fannie but homes owned by Fannie. I would contact the listing agent (if assigned 1 yet) & inform them that you are filing a Notice of Intent to Lien---that will make things happen. Your State laws may not allow you to lien or perhaps not have a security interest in the property due to the Notice and lien Registry requirements. Example: In my home State you must file to the State Secretaries office 10 days before commencement of work to have a valid Lien...thats impratical in the P&P field....
Wannabe is offline  
post #3 of 12 (permalink) Old 01-24-2014, 07:22 PM
Senior Member
 
Join Date: Apr 2012
Posts: 751
Thanks: 123
Thanked 504 Times in 253 Posts
You might do better to take a free consultation with an attorney familiar with lien laws in your state.
Gypsos is offline  
The Following User Says Thank You to Gypsos For This Useful Post:
BRADSConst (01-24-2014)
Sponsored Links
Advertisement
 
post #4 of 12 (permalink) Old 01-25-2014, 08:23 PM
Senior Member
 
Splinterpicker's Avatar
 
Join Date: Apr 2012
Location: west coast USA
Posts: 616
Thanks: 53
Thanked 213 Times in 135 Posts
Quote:
Originally Posted by iron moe View Post
How do i go about putting liens on fannie mae. I have never had to do this but nvms is coming up on 90 pass due on pay. They said that the checks are held up due to weather which is bs. So getting ready to lien them for 1200.00 on unpaid wo. Any info you guys can tell me or point me would be great
thanks guys
I did this ONCE and it really gets their attention because it has to be cleared before tr hey can sell the property. My state :
you have to have been to property no more than 30 days ago.
Lawn care alone is not leinable


When you do lein
(1) include a charge for interest
(2) YOUR time to file and REMOVE the lein at teh court house
(3) YOUR Mileage to place an remove lein
(4) make copies of papers to have filed
(5) Lein filing charge

By NOW you should be getting the point to SOAK them. This will all be spelled out for you by a good Lein agent at your county courthouse. DONT WAIT DO IT MONDAY !
Splinterpicker is offline  
The Following User Says Thank You to Splinterpicker For This Useful Post:
Tarex (03-13-2014)
post #5 of 12 (permalink) Old 01-26-2014, 10:57 PM
Senior Member
 
Join Date: Apr 2012
Posts: 751
Thanks: 123
Thanked 504 Times in 253 Posts
I once met a heart surgeon who would watch me finish drywall in his office remodel. He told me he was amazed at how easy I made it look and how flat my walls came out. He said he had tried it and had totally screwed it up.

He said he could hold a human heart in his hand, cut it apart, fix it and put it back together and the person would be cured but he could not get the hang of finishing drywall.

I told him not to feel too bad because if I held a human heart in my hand the patient was gonna die.

We agreed he should stick to heart surgery and I should stick to finishing drywall.


If you have never done this type of thing do yourself a big favor and hire someone who knows how to do it.

I have done it myself and it is painfully easy to screw up and cost you your lien rights. I never do it myself now.

Plus if you hire someone and they screw it up you may have a recourse to collect your losses from them.

Lots of people will tell you it is easy, and maybe for them it is.
Gypsos is offline  
The Following 2 Users Say Thank You to Gypsos For This Useful Post:
STARBABY (01-27-2014), thanohano44 (01-27-2014)
post #6 of 12 (permalink) Old 01-27-2014, 08:39 AM
Property Services
 
LAND's Avatar
 
Join Date: Mar 2013
Posts: 33
Thanks: 50
Thanked 11 Times in 7 Posts
It'll be cheaper and easier to go to the office of the company that sent you the work order and knock on the door with a baseball bat.
LAND is offline  
post #7 of 12 (permalink) Old 01-27-2014, 09:54 AM
Senior Member
 
Join Date: Apr 2012
Posts: 751
Thanks: 123
Thanked 504 Times in 253 Posts
Quote:
Originally Posted by LAND View Post
It'll be cheaper and easier to go to the office of the company that sent you the work order and knock on the door with a baseball bat.
While I agree the therapeutic value of doing this cannot be argued, it will most likely get you arrested.
Gypsos is offline  
post #8 of 12 (permalink) Old 01-27-2014, 10:56 AM
Property Services
 
LAND's Avatar
 
Join Date: Mar 2013
Posts: 33
Thanks: 50
Thanked 11 Times in 7 Posts
As long as you don't actually use it. It's a walking stick. Most all pay issues stem from working through regionals or sudo-nationals who are actually regionals. FNMA does pay the Nats its the folks in the middle that look for ways to keep your money. Simply follow the the nats protocols and use their controls they provide for you, CYA everything in text format and bounce the ball back in their court on any outstanding issues you will get whats owed to you. Maybe slow at times but never over 45 days.
LAND is offline  
post #9 of 12 (permalink) Old 01-27-2014, 12:01 PM Thread Starter
Member
 
Join Date: Sep 2012
Posts: 37
Thanks: 3
Thanked 10 Times in 7 Posts
UPDATE!!!!! Ok so I made a few calls and after really getting no wear with people, but i did a lot, did i say a lot, and i mean a lot!!!!!! of bitching, guess what showed up in the mail box. Yes folks a Check!!!!!!! now its not for the whole amount but its for the amount that puts there back to 30+ days out. They said it was due to the weather and the mail blalala BS but at least i got my money. So I guess bitching does get you some wear but sucks that I have to be like that. I am a nice guy but they make it so your not. any ways here you go lessons learned.
iron moe is offline  
The Following 3 Users Say Thank You to iron moe For This Useful Post:
brm1109 (01-27-2014), GTX63 (01-27-2014), Payup (02-11-2014)
post #10 of 12 (permalink) Old 01-30-2014, 06:51 PM
Member
 
Join Date: Sep 2012
Posts: 77
Thanks: 11
Thanked 31 Times in 20 Posts
I don't want to come off as arrogant or anything but if you are having problems with $1200.00 payment this industry will kill you. I want everybody to get paid and I am all in favor of helping the next guy. We put posts up we tell people who and not to work for.

Today I did a job that was a HUD convey. 30 cubes at $50.00 and wint and some cleaning and locks. I will close this job out tonight, and yet it will take a week or two to be really closed out and then 30 day pay but we all know even its a national its longer more paperwork and closer to 45 and plus.

Tommorow we will do again it never stops without a solid cash flow and without proper knowledge on a company and really its a tough. I am out over $5000.00 on snow plowing from DEC 4, I know I will get it and its the cycle but I am prepared to know that my company will get paid but it takes time.

Just ranting
MKM Landscaping is offline  
The Following User Says Thank You to MKM Landscaping For This Useful Post:
STARBABY (03-10-2014)
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the REO Property Preservation Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome