Who holds the HOF bag now?

News out of the City of Sparta.

The HOF building was built with all union labor outside of Sparta.

A major un-named pledged donor of around $1 mil did not donate.

$3/4 million is needed to finish the inside.

If there is a lien on the building then who does that affect?

Anyone with some legal knowledge care to answer.

 

Fishing? Cast sorta of went all over the place. The only donor I am aware of made good on his pledge.

 

"If there is a lien on the building then who does that affect?" ... any future buyer.

A "lien" has to be 'taken care of' (paid if valid) to transfer ownership. In the case of the "HOF building" a "lien" would not be worth the paper it is on.

Any unpaid balance on construction would be 'up to' the 'people' who 'hired', by contract, the work to be performed. A 'judgement' by a court against the people who 'contracted' the work to be done, would be much better than a "lien" on something that will never be sold.

 

Hey Ironside, a judgement becomes a real property lien.

None of what you all talk about is true any how, so what is the point, just to badmouth the ATA?

 

"a judgement becomes a real property lien" .... really ????

Do tell, that sounds interesting. When/how does "a judgement become(s) a real property lien" ????

 

As soon as it's filed with the clerk's office.

 

You said "becomes" ... now you say "As soon as it's filed".

Why would you need to "file" something that "becomes" ????

You should pay more attention while watching "Ironside".

 

A judgement comes from winning a lawsuit or a default judgement. They are both meaningless, until you file it with the county clerk, which then attaches, or liens, the debtor's property to the judgement against them.

That's the general rule, every state can do it however they want.

Sorry, I didn't realize every single step has to be explained to the site's intellects.

 

You do not have to "file" a judgement, it is part of the court records that the clerk's office has. They, the clerk or court, do not "attaches, or liens, the debtor's property", that would be something you can do, or not.

The court or clerk would have no idea, nor have the desire to find out, if you owned property, or several properties, or the 'locations' of the properties to "attach". That is all up to the person that wants to file a "lien".

A judgement could have different 'terms' than a lien. A judgement could transfer ownership of 'property' without any 'money' involved. A lien is to secure a "debt".