All Forum Posts by: Rashid Khalil

yes, you did understand me correctly. all efforts with the solar company to pay back arrears and reinstate the loan service have been fruitless. small company and very dysfunctional. So the only option is to pay in full and then buy the house, which makes the price way up. I did check title companies, some don't see the problem in title transfer as the lien is on the solar panel (UCC) not on the house. But the seller wished the buyer to pay off the 35k. Bonding of lien is easy, confirmed with bond companies, 1.5 times the claim (52k), it doesn't require permission of solar company at all, builders do it all the time, and then fight the claim with solar company in court is an option. Transferring the lien back to the property requires solar company permission. so far my research and back-and-forth communication have revealed this much. Nobody except this forum has called it criminal or shady or fraud. 

I truly appreciates you advancing the discussion'

 to clarify my question, i am the buyer, solar panels are on the property, and back payment is due, but the company refuses to accept the arrears rather than demanding full payment of 35k, title transfer requires to clear the lien, seller won't do that as there is no equity in the house for them so property will end in foreclosure, if i bond the lien and free the property, then I can buy the asset, transfer the tile, i can negotiate or fight with solar company as time will be on my side then. my question was the surety bond that i am using to bond off the lien can be freed if i could transfer the lien back to use after title transfer to free my cash, hopefully less fraudulent now after the details.  

thanks Chris

just trying to understand, why would it be a fraud? if I am buying the house and just temporarily supporting the lien with another asset to facilitate title transfer.

appreciate your help 

If I use a discharge bind to remove a lien for title transfer, can i transfer the lien back to the property after the transfer to free my surety bond money?

thanks 

yes

Buying a house with Solar installed on lease solar company wasn’t paid for 6 months by seller and is now refusing to accept back payment to reinstate the service and remove the lien. The Solar Company is demanding full payment of 35000 to remove the lien and allow title transfer. SOS website shows lien is attached to solar equipment only but the lender is requiring to deal with the solar lien for title transfer.

my idea;

transfer lien to surety bond ---------------go through mortgage and title transfer -----------------------transfer back lien to property or panel discharge.

Buying a house with Solar installed on lease solar company wasn’t paid for 6 months by seller and is now refusing to accept back payment to reinstate the service and remove the lien. The Solar Company is demanding full payment of 35000 to remove the lien and allow title transfer. SOS website shows lien is attached to solar equipment only but the lender is requiring to deal with the solar lien for title transfer.

my idea;

transfer lien to surity bond ---------------go through mortgage and title transfer -----------------------transfer back lien to property or panel discharge.

 Thanks, Angelo

I will contact him.

Rashid

looking for recommendations for Toledo, Ohio area real estate attorney who have experience with creative financing, all help appreciated.

is FHA loan sub to different from conventional loans sub to ?

please advise, thanks.