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A lien is a claim that allows a creditor to seize and sell collateral (for example, your home) to pay off unsatisfied debt. In the case of a mortgage, the creditor is your lender. Mortgage lien types
In Mechanics lien law a Texas Fund Trapping Notice is a preliminary notice that parties on construction projects who are not directly contracted with the owner send in order to preserve the right to file a mechanics lien in the event of nonpayment in Texas. This document is called a Fund Trapping Notice because its purpose is to inform the ...
A home in Gilchrist, Texas, designed to resist flood waters survived Hurricane Ike in 2008.. In the fields of engineering and construction, resilience is the ability to absorb or avoid damage without suffering complete failure and is an objective of design, maintenance and restoration for buildings and infrastructure, as well as communities.
In the United States, a mortgage note (also known as a real estate lien note, borrower's note) is a promissory note secured by a specified mortgage loan. Mortgage notes are a written promise to repay a specified sum of money plus interest at a specified rate and length of time to fulfill the promise.
Flood mitigation is a related but separate concept describing a broader set of strategies taken to reduce flood risk and potential impact while improving resilience against flood events. As climate change has led to increased flood risk an intensity, flood management is an important part of climate change adaptation and climate resilience.
If investor-owned properties increasingly dominate flood-prone areas, the region may see a shift in property values and community dynamics as fewer long-term residents choose to live in high-risk ...
Homes flooding in Texas as severe storms ramp up across the South, including a threat of strong tornadoes Robert Shackelford, Dalia Faheid and Mary Gilbert, CNN April 10, 2024 at 9:42 AM
Participation in the NFIP is based on an agreement between local communities and the federal government that states that if a community will adopt and enforce a floodplain management ordinance to reduce future flood risks to new construction in Special Flood Hazard Areas (SFHA), the federal government will make flood insurance available within the community as a financial protection against ...