Build a swimming pool at the home

Assignment Help Business Law and Ethics

Reference no: EM133418457

Question: Travis owned a home with a first mortgage dated Oct. 1, 2000. On May 1, 2014, Travis took out a home equity loan (second mortgage). He then hired Builder Company to build a swimming pool at the home. When the pool was completed, Travis could not pay for it because he had used the money from the second mortgage for some other purpose. It also turns out that the real property taxes on the house had not been paid for several years.

Assume that the first mortgage holder filed the mortgage on Oct. 1, 2000, the second on May 1, 2014, Builder Company filed its lien on September 1, 2014 and the tax lien was filed on September 15, 2014. Give me the priority list for the above liens (who is first, second, third and fourth) with an explanation.

Reference no: EM133418457

Questions Cloud

Advise the parties of their rights in this case : Advise the parties of their rights in this case and indicate how the liability, if any, would be determined.

Explain why people adopt health-risk behaviors : explain why people adopt health-risk behaviors, what could help them in stopping that behavior, and what barriers exist to adopting a healthier behavior.

Explain the quote by galbraith : Explain the quote by Galbraith: "Left to themselves, economic forces do not work out for the best, except, perhaps, to the most powerful

Describe two of the three society wide factors associated : According to Friedman and lecture briefly describe two of the three society wide factors associated with divorce (one sentence each)?

Build a swimming pool at the home : Give me the priority list for the above liens (who is first, second, third and fourth) with an explanation - It also turns out that the real property taxes

How does the perceived stigma around mental illness affect : How does the perceived stigma around mental illness affect the lived experiences of student athletes with mental health conditions? and write a very short

Discuss the types of products being marketed : Explain each commercial in detail. Discuss the types of products being marketed. Share whether you observed any minority actors and/or spokespersons.

Advise the malaysian company : The Malaysian company claimed the right to recover the deposit they paid prior to the frustrating event. Advise the Malaysian company

Identify and list the legal principles needed : Identify the presented 8 legal issues. Identify and list the legal principles needed to solve the 8 legal issues presented , and Determine which facts

User Account

All Pages