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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> Fantasy. Mortgage is just the security for the underlying Promissory Note. Notes are typically negotiable instruments that when transferred may confer holder
in due course status on the transferee.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal" style="text-autospace:none"><b><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Michael R. Gibbons (<a href="http://lowndes-law.com/our-people/michael-r-gibbons">Bio</a>)<o:p></o:p></span></b></p>
<p class="MsoNormal" style="text-autospace:none"><b><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Shareholder</span></b><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:green">Lowndes, Drosdick, Doster, Kantor & Reed, P.A.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:green">215 N. Eola Drive<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:green">Orlando, FL 32801<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:green">Phone: 407-418-6378<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:green">Fax: 407-843-4444<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align:justify;text-autospace:none"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:green">email:
<a href="mailto:michael.gibbons@lowndes-law.com">michael.gibbons@lowndes-law.com</a><o:p></o:p></span></p>
<p class="MsoNormal" style="text-align:justify;text-autospace:none"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:green">website:
<a href="http://www.lowndes-law.com/">http://www.lowndes-law.com</a><o:p></o:p></span></p>
<p class="MsoNormal" style="text-align:justify;text-autospace:none"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:green"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-bottom:12.0pt;text-align:justify;text-autospace:none">
<span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:green">
<img border="0" width="93" height="89" id="_x0000_i1048" src="cid:image001.jpg@01CE1987.E14507C0"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> David C. Agee [mailto:dagee@reidagee.com]
<br>
<b>Sent:</b> Tuesday, March 05, 2013 9:48 AM<br>
<b>To:</b> Michael R. Romm, P.A.; Gibbons, Michael; Larry Leiby; Dan Vega; fred.dudley@hklaw.com; blc@kirwinnorris.com; bkpa1@aol.com; hroberts@carltonfields.com; clc-discussion@lists.flabarrpptl.org<br>
<b>Subject:</b> RE: [CLC-Discussion] FACT OR FANTASY?[Scanned]<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Sounds like fantasy, its not like a copyrighted work subject to first sale doctrine.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<div>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D">David C. Agee, Esquire<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D"> <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D">REID & AGEE, PLLC<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D">RIGHT TITLE, LLC<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D">3633 26th Street West<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D">Bradenton, FL 34205<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D">Tel 941.756.8791<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D">Fax 941.755.7311<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D">**********Ask us about Real Estate and Estate Planning**************<o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> Michael R. Romm, P.A. [<a href="mailto:mromm@rommlaw.com">mailto:mromm@rommlaw.com</a>]
<br>
<b>Sent:</b> Tuesday, March 05, 2013 9:47 AM<br>
<b>To:</b> Gibbons, Michael; 'Larry Leiby'; David C. Agee; Dan Vega; <a href="mailto:fred.dudley@hklaw.com">
fred.dudley@hklaw.com</a>; <a href="mailto:blc@kirwinnorris.com">blc@kirwinnorris.com</a>;
<a href="mailto:bkpa1@aol.com">bkpa1@aol.com</a>; <a href="mailto:hroberts@carltonfields.com">
hroberts@carltonfields.com</a>; <a href="mailto:clc-discussion@lists.flabarrpptl.org">
clc-discussion@lists.flabarrpptl.org</a><br>
<b>Subject:</b> RE: [CLC-Discussion] FACT OR FANTASY?[Scanned]<o:p></o:p></span></p>
</div>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><span style="font-family:"Arial","sans-serif";color:black">Speaking of mortgage liens, does anyone know if the following theory is FACT OR FANTASY?<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Arial","sans-serif";color:black"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Arial","sans-serif";color:black">A real estate mortgage, once it is bundled as part of a mortgage backed security and sold,
<i>twice</i>, (NO, I do not know why it must trade twice) it is considered to have been "paid" and if you can prove that it was, indeed, traded as part of a security then it would constitute a complete defense to a mortgage foreclosure. The trick is, or so
I have heard, that it is nearly impossible to find out if your mortgage was integrated into, or used as part of, a security, that was traded. <o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Arial","sans-serif";color:black"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Arial","sans-serif";color:black">FACT OR FANTASY?<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Arial","sans-serif";color:black"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Michael Romm</span><span style="font-family:"Arial","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Michael R. Romm, P.A.</span><span style="font-family:"Arial","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">North Office: </span></strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">4660 North University Drive</span><span style="font-family:"Arial","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Lauderhill, FL 33351</span><span style="font-family:"Arial","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">South Office: </span></strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">1213 S. 30th Avenue, Suite 2</span><span style="font-family:"Arial","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Hollywood, FL 33020</span><span style="font-family:"Arial","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Phone:</span></strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> (954) 557-8002</span><span style="font-family:"Arial","sans-serif";color:black"><o:p></o:p></span></p>
</div>
<div>
<p class="MsoNormal"><strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Fax:</span></strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> (954) 208-0022</span><span style="font-family:"Arial","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">EMAIL: </span></strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"><a href="mailto:mromm@rommlaw.com"><span style="color:windowtext">mromm@rommlaw.com</span></a></span><span style="font-family:"Arial","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Arial","sans-serif";color:black"> <o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family:"Arial","sans-serif";color:black"><o:p> </o:p></span></p>
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<blockquote style="border:none;border-left:solid blue 1.5pt;padding:0in 0in 0in 6.0pt;margin-left:6.0pt;margin-top:5.0pt;margin-bottom:5.0pt" id="replyBlockquote">
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<p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-size:10.0pt;font-family:"Verdana","sans-serif";color:black">-------- Original Message --------<br>
Subject: Re: [CLC-Discussion] Can a construction lender bond off a<br>
construction lien?[Scanned]<br>
From: "Gibbons, Michael" <<a href="mailto:Michael.Gibbons@lowndes-law.com"><span style="color:windowtext">Michael.Gibbons@lowndes-law.com</span></a>><br>
Date: Mon, March 04, 2013 6:21 pm<br>
To: "'Larry Leiby'" <<a href="mailto:Leiby@mkpalaw.com"><span style="color:windowtext">Leiby@mkpalaw.com</span></a>>, "David C. Agee"<br>
<<a href="mailto:dagee@reidagee.com"><span style="color:windowtext">dagee@reidagee.com</span></a>>, Dan Vega <<a href="mailto:DVega@taylorvega.com"><span style="color:windowtext">DVega@taylorvega.com</span></a>>,
<br>
"<a href="mailto:fred.dudley@hklaw.com">fred.dudley@hklaw.com</a>" <<a href="mailto:fred.dudley@hklaw.com"><span style="color:windowtext">fred.dudley@hklaw.com</span></a>>,
<br>
"<a href="mailto:blc@kirwinnorris.com"><span style="color:windowtext">blc@kirwinnorris.com</span></a>" <<a href="mailto:blc@kirwinnorris.com"><span style="color:windowtext">blc@kirwinnorris.com</span></a>>, "<a href="mailto:bkpa1@aol.com"><span style="color:windowtext">bkpa1@aol.com</span></a>"<br>
<<a href="mailto:bkpa1@aol.com"><span style="color:windowtext">bkpa1@aol.com</span></a>>, "<a href="mailto:hroberts@carltonfields.com"><span style="color:windowtext">hroberts@carltonfields.com</span></a>"<br>
<<a href="mailto:hroberts@carltonfields.com"><span style="color:windowtext">hroberts@carltonfields.com</span></a>>,
<br>
"<a href="mailto:clc-discussion@lists.flabarrpptl.org"><span style="color:windowtext">clc-discussion@lists.flabarrpptl.org</span></a>"<br>
<<a href="mailto:clc-discussion@lists.flabarrpptl.org"><span style="color:windowtext">clc-discussion@lists.flabarrpptl.org</span></a>><br>
<br>
<o:p></o:p></span></p>
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<div>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> A lender may (and not infrequently does) have an interest in the contract under which the lien is claimed. It is common for a construction lender to bargain
for (as a condition of making the loan) a conditional assignment of the borrower’s interest in the underlying prime construction contract. Certainly, if that conditional assignment is triggered by a borrower default and the lender’s invocation of its rights
under the conditional assignment, then that lender under those circumstances would have “the interest” in the contract under which the lien is claimed to support standing to post a 713.24 lien transfer bond (if it so desired).
</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> The more interesting question is whether the conditional assignment, by itself, creates enough of an “interest” to support the lender applying for a 713.24
lien transfer bond (admittedly hard to think of circumstances where this would occur in the real world).</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal" style="text-autospace:none"><b><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Michael R. Gibbons (<a href="http://lowndes-law.com/our-people/michael-r-gibbons" target="_blank">Bio</a>)</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal" style="text-autospace:none"><b><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Shareholder</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal" style="text-autospace:none"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:green">Lowndes, Drosdick, Doster, Kantor & Reed, P.A.</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
</div>
<div>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:green">215 N. Eola Drive</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal" style="text-autospace:none"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:green">Orlando, FL 32801</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal" style="text-autospace:none"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:green">Phone: 407-418-6378</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal" style="text-autospace:none"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:green">Fax: 407-843-4444</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
</div>
<p class="MsoNormal" style="text-align:justify;text-autospace:none"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:green">email:
<a href="mailto:michael.gibbons@lowndes-law.com" target="_blank">michael.gibbons@lowndes-law.com</a></span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
<p class="MsoNormal" style="text-align:justify;text-autospace:none"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:green">website:
<a href="http://www.lowndes-law.com/" target="_blank">http://www.lowndes-law.com</a></span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
<p class="MsoNormal" style="text-align:justify;text-autospace:none"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:green"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
<div style="margin-bottom:12.0pt">
<p class="MsoNormal" style="text-align:justify;text-autospace:none"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:green">
<img border="0" width="93" height="89" id="_x0000_i1025" src="cid:image019.jpg@01CE1987.DF964650"></span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black">
<a href="mailto:clc-discussion-bounces@lists.flabarrpptl.org"><span style="color:blue">clc-discussion-bounces@lists.flabarrpptl.org</span></a> [<a href="mailto:clc-discussion-bounces@lists.flabarrpptl.org"><span style="color:blue">mailto:clc-discussion-bounces@lists.flabarrpptl.org</span></a>]
<b>On Behalf Of </b>Larry Leiby<br>
<b>Sent:</b> Monday, March 04, 2013 5:43 PM<br>
<b>To:</b> David C. Agee; Dan Vega; <a href="mailto:fred.dudley@hklaw.com"><span style="color:blue">fred.dudley@hklaw.com</span></a>;
<a href="mailto:blc@kirwinnorris.com"><span style="color:blue">blc@kirwinnorris.com</span></a>;
<a href="mailto:bkpa1@aol.com"><span style="color:blue">bkpa1@aol.com</span></a>;
<a href="mailto:hroberts@carltonfields.com"><span style="color:blue">hroberts@carltonfields.com</span></a>;
<a href="mailto:clc-discussion@lists.flabarrpptl.org"><span style="color:blue">clc-discussion@lists.flabarrpptl.org</span></a><br>
<b>Subject:</b> Re: [CLC-Discussion] Can a construction lender bond off a construction lien?[Scanned]</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Verdana","sans-serif";color:black"> <o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Agreed. However if the lender signs as bond principal on a lien transfer bond purportedly under F.S. 713.24, the condition to payment under the bond (a form
of contract) is proof of the statutory lien requirements, not priority. The lender wins the priority battle against the property in a foreclosure, but may be ordered to pay on the lien transfer bond that it voluntarily gave ostensibly under 713.24.
</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">If the lender wishes to clear the title and transfer the lien from the property to allow transfer of the property at an early stage the lender might seek judicial
authority to transfer the lien to a bond on motion where the bond would be sought to be conditioned on proof of priority, not under 713.24, and if the judge so permits. I would expect a lienor to defend such a motion as being without authority. Depending
on the situation the court may or may not agree to such a bond by a lender. There is a non-discretionary obligation to transfer where the requirements of 713.24 are met (which a lender does not meet).
</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#215868">Larry R. Leiby, Esq.</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D">Malka & Kravitz, P.A.
</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D">1300 Sawgrass Corp. Pkwy., Suite 100</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D">Ft. Lauderdale, FL 33323</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Phone: 954-514-0984</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<div>
<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Fax: 954-514-0985 e-mail:
<a href="mailto:leiby@mkpalaw.com" target="_blank"><span style="color:blue">leiby@mkpalaw.com</span></a></span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D"> </span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Board Certified in Construction Law</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Fla. Supreme Court Certified Circuit Court Civil Mediator</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
</div>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D"> </span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Member, Leiby Alexander Brandt ADR Group, LLC</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
</div>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Member, JAMS Global Engineering and Construction Panel
</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Fellow, College of Commercial Arbitrators</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D"> </span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
</div>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><img border="0" width="112" height="94" id="_x0000_i1026" src="cid:image020.jpg@01CE1987.DF964650" alt="Description: JAMSadr.com.jpg"></span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
</div>
</div>
<div>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black"> David C. Agee [<a href="mailto:dagee@reidagee.com" target="_blank"><span style="color:blue">mailto:dagee@reidagee.com</span></a>]
<br>
<b>Sent:</b> Monday, March 04, 2013 5:27 PM<br>
<b>To:</b> Larry Leiby; Dan Vega; <a href="mailto:fred.dudley@hklaw.com" target="_blank">
<span style="color:blue">fred.dudley@hklaw.com</span></a>; <a href="mailto:blc@kirwinnorris.com" target="_blank">
<span style="color:blue">blc@kirwinnorris.com</span></a>; <a href="mailto:bkpa1@aol.com" target="_blank">
<span style="color:blue">bkpa1@aol.com</span></a>; <a href="mailto:hroberts@carltonfields.com" target="_blank">
<span style="color:blue">hroberts@carltonfields.com</span></a>; <a href="mailto:clc-discussion@lists.flabarrpptl.org" target="_blank">
<span style="color:blue">clc-discussion@lists.flabarrpptl.org</span></a><br>
<b>Subject:</b> RE: [CLC-Discussion] Can a construction lender bond off a construction lien?[Scanned]</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Verdana","sans-serif";color:black"> <o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">When you say it doesn’t make practical sense, the lender’s priority can’t be affected by a lien that occurs later in the chain absent fraud or some other facts.
The lender has a practical remedy, foreclose. </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
</div>
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<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D">David C. Agee, Esquire</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
</div>
<div>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
</div>
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<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D">REID & AGEE, PLLC</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
</div>
<div>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D">RIGHT TITLE, LLC</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
</div>
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<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D">3633 26th Street West</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D">Bradenton, FL 34205</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D">Tel 941.756.8791</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
</div>
<div>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D">Fax 941.755.7311</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
</div>
<div>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
</div>
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<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
</div>
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<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D">**********Ask us about Real Estate and Estate Planning**************</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D">The information transmitted in this email, including any attachments, is from Reid & Agee, PLLC and is covered by the Electronic Communications Privacy Act,
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and any attachments from any computer. Thank You.</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D">IRS Circular 230 Disclosure: To the extent that this message or any attachment concerns tax matters, it is not intended to be used as or intended to constitute
a "reliance opinion" under applicable Treasury Regulations, and accordingly this message or any attachment is not intended or written to be used, and may not be used or relied upon, for the purpose of (i) avoiding tax-related penalties that may be imposed
by the Internal Revenue Service, or (ii) promoting, marketing or recommending to another party any tax-related matters addressed herein. Please be assured that this policy does not reflect any decrease in the quality of services or the amount of thought that
we put in our correspondence.</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
</div>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
</div>
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<div style="border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in">
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black">
<a href="mailto:clc-discussion-bounces@lists.flabarrpptl.org" target="_blank"><span style="color:blue">clc-discussion-bounces@lists.flabarrpptl.org</span></a> [<a href="mailto:clc-discussion-bounces@lists.flabarrpptl.org" target="_blank"><span style="color:blue">mailto:clc-discussion-bounces@lists.flabarrpptl.org</span></a>]
<b>On Behalf Of </b>Larry Leiby<br>
<b>Sent:</b> Monday, March 04, 2013 3:53 PM<br>
<b>To:</b> Dan Vega; <a href="mailto:fred.dudley@hklaw.com" target="_blank"><span style="color:blue">fred.dudley@hklaw.com</span></a>;
<a href="mailto:blc@kirwinnorris.com" target="_blank"><span style="color:blue">blc@kirwinnorris.com</span></a>;
<a href="mailto:bkpa1@aol.com" target="_blank"><span style="color:blue">bkpa1@aol.com</span></a>;
<a href="mailto:hroberts@carltonfields.com" target="_blank"><span style="color:blue">hroberts@carltonfields.com</span></a>;
<a href="mailto:clc-discussion@lists.flabarrpptl.org" target="_blank"><span style="color:blue">clc-discussion@lists.flabarrpptl.org</span></a><br>
<b>Subject:</b> Re: [CLC-Discussion] Can a construction lender bond off a construction lien?[Scanned]</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Verdana","sans-serif";color:black"> <o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Dan,</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Did anyone ever say that it had to make practical sense?
</span><span style="font-size:11.0pt;font-family:Wingdings;color:#1F497D">J</span><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">
</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">It is written is what we can say about it. It also doesn’t make practical sense for a lender to transfer a lien and eliminate its priority position.
</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Regards,</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#215868">Larry R. Leiby, Esq.</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D">Malka & Kravitz, P.A.
</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D">1300 Sawgrass Corp. Pkwy., Suite 100</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D">Ft. Lauderdale, FL 33323</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Phone: 954-514-0984</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Fax: 954-514-0985 e-mail:
<a href="mailto:leiby@mkpalaw.com" target="_blank"><span style="color:blue">leiby@mkpalaw.com</span></a></span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D"> </span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Board Certified in Construction Law</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Fla. Supreme Court Certified Circuit Court Civil Mediator</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D"> </span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Member, Leiby Alexander Brandt ADR Group, LLC</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Member, JAMS Global Engineering and Construction Panel
</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Fellow, College of Commercial Arbitrators</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D"> </span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><img border="0" width="112" height="94" id="_x0000_i1027" src="cid:image020.jpg@01CE1987.DF964650" alt="Description: JAMSadr.com.jpg"></span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black"> Dan Vega [<a href="mailto:DVega@taylorvega.com" target="_blank"><span style="color:blue">mailto:DVega@taylorvega.com</span></a>]
<br>
<b>Sent:</b> Monday, March 04, 2013 3:50 PM<br>
<b>To:</b> Larry Leiby; 'fred.dudley@hklaw.com'; <a href="mailto:blc@kirwinnorris.com" target="_blank">
<span style="color:blue">blc@kirwinnorris.com</span></a>; <a href="mailto:bkpa1@aol.com" target="_blank">
<span style="color:blue">bkpa1@aol.com</span></a>; <a href="mailto:hroberts@carltonfields.com" target="_blank">
<span style="color:blue">hroberts@carltonfields.com</span></a>; <a href="mailto:clc-discussion@lists.flabarrpptl.org" target="_blank">
<span style="color:blue">clc-discussion@lists.flabarrpptl.org</span></a><br>
<b>Subject:</b> RE: [CLC-Discussion] Can a construction lender bond off a construction lien?</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Verdana","sans-serif";color:black"> <o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Larry, so a subcontractor can transfer its supplier’s lien to a bond but not a mortgage holder?
</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">This result does not make practical sense.
</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="IT" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">Daniel R. Vega, Esq.</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="IT" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">Board Certified in Construction Law</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="IT" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">Taylor Vega, P.A.</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="IT" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">2555 Ponce De Leon Blvd.</span><span lang="ES-DO" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">, Suite
220</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal" style="text-align:justify"><span style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">Coral Gables, Florida 33134</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">Telephone: (305) 443-2043</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">Facsimile: (305) 443-2048</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">Cell: (305) 962-5186</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="IT" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">E-mail:
<a href="mailto:dvega@taylorvega.com" target="_blank">dvega@taylorvega.com</a></span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="IT" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:black"><img border="0" width="202" height="35" id="_x0000_i1028" src="cid:image021.png@01CE1987.DF964650" alt="cid:image001.png@01CD58FE.F1B30070"></span><span style="font-size:24.0pt;font-family:"Calibri","sans-serif";font-variant:small-caps;color:white">TaegTayl</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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that you have received this document in error and that any review, dissemination, distribution, or copying of this message is strictly prohibited. If you have received this communication in error, please notify us immediately by e-mail, and delete the original
message.</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black"> Larry Leiby [<a href="mailto:Leiby@mkpalaw.com" target="_blank"><span style="color:blue">mailto:Leiby@mkpalaw.com</span></a>]
<br>
<b>Sent:</b> Monday, March 04, 2013 3:46 PM<br>
<b>To:</b> Dan Vega; 'fred.dudley@hklaw.com'; <a href="mailto:blc@kirwinnorris.com" target="_blank">
<span style="color:blue">blc@kirwinnorris.com</span></a>; <a href="mailto:bkpa1@aol.com" target="_blank">
<span style="color:blue">bkpa1@aol.com</span></a>; <a href="mailto:hroberts@carltonfields.com" target="_blank">
<span style="color:blue">hroberts@carltonfields.com</span></a>; <a href="mailto:clc-discussion@lists.flabarrpptl.org" target="_blank">
<span style="color:blue">clc-discussion@lists.flabarrpptl.org</span></a><br>
<b>Subject:</b> RE: [CLC-Discussion] Can a construction lender bond off a construction lien?</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Verdana","sans-serif";color:black"> <o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Dan,
</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">The GC has an interest in the contract under which the lien is claimed, the other basis justifying transfer in 713.24.</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Regards,</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
</div>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#215868">Larry R. Leiby, Esq.</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
</div>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D">Malka & Kravitz, P.A.
</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
</div>
<div>
<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D">1300 Sawgrass Corp. Pkwy., Suite 100</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D">Ft. Lauderdale, FL 33323</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
</div>
<div>
<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Phone: 954-514-0984</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
</div>
<div>
<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Fax: 954-514-0985 e-mail:
<a href="mailto:leiby@mkpalaw.com" target="_blank"><span style="color:blue">leiby@mkpalaw.com</span></a></span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
</div>
<div>
<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D"> </span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
</div>
<div>
<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Board Certified in Construction Law</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
</div>
<div>
<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Fla. Supreme Court Certified Circuit Court Civil Mediator</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
</div>
<div>
<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D"> </span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Member, Leiby Alexander Brandt ADR Group, LLC</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Member, JAMS Global Engineering and Construction Panel
</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Fellow, College of Commercial Arbitrators</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black"> Dan Vega [<a href="mailto:DVega@taylorvega.com" target="_blank"><span style="color:blue">mailto:DVega@taylorvega.com</span></a>]
<br>
<b>Sent:</b> Monday, March 04, 2013 3:44 PM<br>
<b>To:</b> 'fred.dudley@hklaw.com'; <a href="mailto:blc@kirwinnorris.com" target="_blank">
<span style="color:blue">blc@kirwinnorris.com</span></a>; <a href="mailto:bkpa1@aol.com" target="_blank">
<span style="color:blue">bkpa1@aol.com</span></a>; Larry Leiby; <a href="mailto:hroberts@carltonfields.com" target="_blank">
<span style="color:blue">hroberts@carltonfields.com</span></a>; <a href="mailto:clc-discussion@lists.flabarrpptl.org" target="_blank">
<span style="color:blue">clc-discussion@lists.flabarrpptl.org</span></a><br>
<b>Subject:</b> RE: [CLC-Discussion] Can a construction lender bond off a construction lien?</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Verdana","sans-serif";color:black"> <o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">I just read below and for what it is worth, if a GC can transfer a lien to a bond per 713.24, why would a lender not be able to do it?</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">GC’s transfer liens to bonds all of the time. Practically speaking, every decent owner/gc contract requires the gc to do so.</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">It can hardly be argued that a GC has an “interest” in the property greater than a mortgage holder/lender.
</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Dan</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="IT" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">Daniel R. Vega, Esq.</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="IT" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">Board Certified in Construction Law</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="IT" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">Taylor Vega, P.A.</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="IT" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">2555 Ponce De Leon Blvd.</span><span lang="ES-DO" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">, Suite
220</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal" style="text-align:justify"><span style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">Coral Gables, Florida 33134</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">Telephone: (305) 443-2043</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">Facsimile: (305) 443-2048</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">Cell: (305) 962-5186</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="IT" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">E-mail:
<a href="mailto:dvega@taylorvega.com" target="_blank">dvega@taylorvega.com</a></span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="IT" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:black"><img border="0" width="202" height="35" id="_x0000_i1030" src="cid:image021.png@01CE1987.DF964650" alt="cid:image001.png@01CD58FE.F1B30070"></span><span style="font-size:24.0pt;font-family:"Calibri","sans-serif";font-variant:small-caps;color:white">TaegTayl</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black">
<a href="mailto:clc-discussion-bounces@lists.flabarrpptl.org" target="_blank"><span style="color:blue">clc-discussion-bounces@lists.flabarrpptl.org</span></a> [<a href="mailto:clc-discussion-bounces@lists.flabarrpptl.org" target="_blank"><span style="color:blue">mailto:clc-discussion-bounces@lists.flabarrpptl.org</span></a>]
<b>On Behalf Of </b><a href="mailto:fred.dudley@hklaw.com" target="_blank"><span style="color:blue">fred.dudley@hklaw.com</span></a><br>
<b>Sent:</b> Monday, March 04, 2013 3:15 PM<br>
<b>To:</b> <a href="mailto:blc@kirwinnorris.com" target="_blank"><span style="color:blue">blc@kirwinnorris.com</span></a>;
<a href="mailto:bkpa1@aol.com" target="_blank"><span style="color:blue">bkpa1@aol.com</span></a>;
<a href="mailto:Leiby@mkpalaw.com" target="_blank"><span style="color:blue">Leiby@mkpalaw.com</span></a>;
<a href="mailto:hroberts@carltonfields.com" target="_blank"><span style="color:blue">hroberts@carltonfields.com</span></a>;
<a href="mailto:clc-discussion@lists.flabarrpptl.org" target="_blank"><span style="color:blue">clc-discussion@lists.flabarrpptl.org</span></a><br>
<b>Subject:</b> Re: [CLC-Discussion] Can a construction lender bond off a construction lien?</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Verdana","sans-serif";color:black"> <o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">This is the statute that makes Florida a "lien theory" state rather than a "title theory" state like California. The lien (mortgage or construction) is NOT
an interest in real property.</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal" style="line-height:15.75pt"><b><span style="font-size:11.5pt;font-family:"Calibri","sans-serif";color:black">Frederick Dudley</span></b><span style="font-size:11.5pt;font-family:"Calibri","sans-serif";color:black"> |
</span><b><span style="font-size:10.5pt;font-family:"Georgia","serif";color:#001A63">Holland & Knight</span></b><span style="font-size:11.5pt;font-family:"Calibri","sans-serif";color:black"><br>
Board Certified Construction Lawyer<br>
315 South Calhoun Street, Suite 600 | Tallahassee FL 32301<br>
Phone 850.425.5668 | Fax 850.224.8832 | Cell 850.294.3471<br>
<a href="mailto:fred.dudley@hklaw.com" target="_blank"><span style="color:#002776">fred.dudley@hklaw.com</span></a> |
<a href="http://www.hklaw.com/" target="_blank"><span style="color:#002776">www.hklaw.com</span></a>
</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:8.5pt;font-family:"Calibri","sans-serif";color:#BBBBBB">________________________________________________<br>
</span><span style="font-size:8.5pt;font-family:"Calibri","sans-serif";color:#999999"><a href="http://www.hklaw.com/vcard.aspx?user=frdudley" target="_blank"><span style="color:#00A9E0">Add to address book</span></a></span><span style="font-size:8.5pt;font-family:"Calibri","sans-serif";color:#00A9E0">
| <a href="http://www.hklaw.com/id77/biosfrdudley" target="_blank">View professional biography</a>
</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black">
<a href="mailto:clc-discussion-bounces@lists.flabarrpptl.org" target="_blank"><span style="color:blue">clc-discussion-bounces@lists.flabarrpptl.org</span></a> [<a href="mailto:clc-discussion-bounces@lists.flabarrpptl.org" target="_blank"><span style="color:blue">mailto:clc-discussion-bounces@lists.flabarrpptl.org</span></a>]
<b>On Behalf Of </b>Bryan L. Capps<br>
<b>Sent:</b> Monday, March 04, 2013 12:53 PM<br>
<b>To:</b> Barry Kalmanson; <a href="mailto:Leiby@mkpalaw.com" target="_blank"><span style="color:blue">Leiby@mkpalaw.com</span></a>;
<a href="mailto:hroberts@carltonfields.com" target="_blank"><span style="color:blue">hroberts@carltonfields.com</span></a>;
<a href="mailto:clc-discussion@lists.flabarrpptl.org" target="_blank"><span style="color:blue">clc-discussion@lists.flabarrpptl.org</span></a><br>
<b>Subject:</b> Re: [CLC-Discussion] Can a construction lender bond off a construction lien?</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Verdana","sans-serif";color:black"> <o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Just to kick this dead horse one more time, note that
<a href="http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&Search_String=&URL=0600-0699/0697/Sections/0697.02.html" target="_blank">
<span style="color:blue">Florida Statute Section 697.02</span></a> says, in its entirety, “Nature of a mortgage.—A mortgage shall be held to be a specific lien on the property therein described, and not a conveyance of the legal title or of the right of possession.”
So, whether a lender has an interest in real property sufficient to support a transfer-of-lien bond is apparently not a function/subject of case law alone. Who knew.</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Best regards.</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Bryan Capps</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black">
<a href="mailto:clc-discussion-bounces@lists.flabarrpptl.org" target="_blank"><span style="color:blue">clc-discussion-bounces@lists.flabarrpptl.org</span></a> [<a href="mailto:clc-discussion-bounces@lists.flabarrpptl.org" target="_blank"><span style="color:blue">mailto:clc-discussion-bounces@lists.flabarrpptl.org</span></a>]
<b>On Behalf Of </b>Barry Kalmanson<br>
<b>Sent:</b> Wednesday, February 06, 2013 1:48 PM<br>
<b>To:</b> <a href="mailto:Leiby@mkpalaw.com" target="_blank"><span style="color:blue">Leiby@mkpalaw.com</span></a>;
<a href="mailto:hroberts@carltonfields.com" target="_blank"><span style="color:blue">hroberts@carltonfields.com</span></a>;
<a href="mailto:clc-discussion@lists.flabarrpptl.org" target="_blank"><span style="color:blue">clc-discussion@lists.flabarrpptl.org</span></a><br>
<b>Subject:</b> Re: [CLC-Discussion] Can a construction lenderbond off aconstruction lien?</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Verdana","sans-serif";color:black"> <o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Maybe some legislative clarification is in order.</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Barry Kalmanson<br>
<a href="mailto:bkpa1@aol.com" target="_blank"><span style="color:blue">bkpa1@aol.com</span></a></span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">-----Original Message-----<br>
From: Larry Leiby <<a href="mailto:Leiby@mkpalaw.com" target="_blank"><span style="color:blue">Leiby@mkpalaw.com</span></a>><br>
To: 'Roberts, Hardy L.' <<a href="mailto:hroberts@carltonfields.com" target="_blank"><span style="color:blue">hroberts@carltonfields.com</span></a>>; 'Construction Law Discussion' <<a href="mailto:clc-discussion@lists.flabarrpptl.org" target="_blank"><span style="color:blue">clc-discussion@lists.flabarrpptl.org</span></a>><br>
Sent: Wed, Feb 6, 2013 11:27 am<br>
Subject: Re: [CLC-Discussion] Can a construction lender bond off aconstruction lien?</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">I agree with those who noted that a lender does not have an interest in property, instead it has a mortgage lien, and thus is not covered under 713.24. However
that is the tip of the iceberg and begs the question.</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">The concern that I have experienced is where the lender seeks to transfer the lien to bond but the bond form is not conditioned only on proving the lien claim
it is also conditioned on proving priority. That is not what 713.24 is about, and the clerks aren’t real students of 713.24 as they have many duties. If that happens the lienor should challenge any certificate of transfer.
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">So a lender is a little nuts wanting to transfer a lien under 713.24 without added language (which would not meet the requirements of 713.24), because then the
lienor need only prove its lien claim and the condition of the bond is performed where the principal and surety on the bond are on the hook (assuming they didn’t sneak in any added language to the 713.24 bond form). The lender loses its argument about the
lien not having equity and being inferior to the mortgage by bonding it off and taking the property equity out of the equation. The lienor should be ecstatic about not being worried about the lender’s priority any more, but must watch carefully the language
in the bond. If the lender is looking to clear title for some reason of its own, it should not be the principal on the bond – only someone with an interest. If the lender gets cute and adds language to the bond, we have some new issues to address, which
I believe are not yet resolved. </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Thus if the lender uses a 713.24 bond to transfer it off, the question is: Is the lien really transferred off, or is the lien still there along with the bond
because the lender cannot meet the requirements of 713.24 by not having an interest in the property?
</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Larry R. Leiby, Esq.</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Malka & Kravitz, P.A.
</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">1300 Sawgrass Corp. Pkwy., Suite 100</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Ft. Lauderdale, FL 33323</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Phone: 954-514-0984</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Fax: 954-514-0985 e-mail:
<a href="mailto:leiby@mkpalaw.com" target="_blank"><span style="color:blue">leiby@mkpalaw.com</span></a></span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Board Certified in Construction Law</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Fla. Supreme Court Certified Circuit Court Civil Mediator</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Member, Leiby Alexander Brandt ADR Group, LLC</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Member, JAMS Global Engineering and Construction Panel
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Fellow, College of Commercial Arbitrators</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">From:</span></b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">
<a href="mailto:clc-discussion-bounces@lists.flabarrpptl.org" target="_blank"><span style="color:blue">clc-discussion-bounces@lists.flabarrpptl.org</span></a> [<a href="mailto:clc-discussion-bounces@lists.flabarrpptl.org?" target="_blank"><span style="color:blue">mailto:clc-discussion-bounces@lists.flabarrpptl.org</span></a>]
<b>On Behalf Of </b>John Campo<br>
<b>Sent:</b> Tuesday, February 05, 2013 2:41 PM<br>
<b>To:</b> 'Matthew Belcastro'; 'Raymond L. Robinson'; 'Gibbons, Michael'; 'Roberts, Hardy L.'; 'Construction Law Discussion'<br>
<b>Subject:</b> Re: [CLC-Discussion] Can a construction lender bond off aconstruction lien?</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Arial","sans-serif";color:black">As a practical matter, I would welcome a Lien Transfer Bond knowing that a pile of money is readily available for the taking should my client prevail on its lien.
</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#244061">John D. Campo, Esq.<br>
Florida Bar Board Certified - Construction Law <br>
<a href="mailto:john@npw-law.com" target="_blank"><span style="color:blue">john@npw-law.com</span></a></span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#244061">Niesen|Price|Worthy|Campo|Blakey, PA<br>
5216 SW 91st Drive Gainesville, FL 32608<br>
Ph (352) 373-9031 Fax (352) 373-9099</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#244061"><a href="http://npw-law.com/" target="_blank"><span style="color:blue">http://npw-law.com</span></a></span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">From:</span></b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">
<a href="mailto:clc-discussion-bounces@lists.flabarrpptl.org" target="_blank"><span style="color:blue">clc-discussion-bounces@lists.flabarrpptl.org</span></a> [<a href="mailto:clc-discussion-bounces@lists.flabarrpptl.org?" target="_blank"><span style="color:blue">mailto:clc-discussion-bounces@lists.flabarrpptl.org</span></a>]
<b>On Behalf Of </b>Matthew Belcastro<br>
<b>Sent:</b> Tuesday, February 05, 2013 2:16 PM<br>
<b>To:</b> Raymond L. Robinson; Gibbons, Michael; Roberts, Hardy L.; Construction Law Discussion<br>
<b>Subject:</b> Re: [CLC-Discussion] Can a construction lender bond off aconstruction lien?</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">I'm not sure I understand why the construction lender wants to bond off the lien? Are they trying to convert to permanent financing and unable as a result of the
construction lien? </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<strong><span style="font-family:"Arial","sans-serif"">Matthew Belcastro</span></strong><br>
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Henderson, Franklin, Starnes & Holt, P.A.<br>
1715 Monroe Street<br>
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Direct Dial: 239.344.1205<br>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Henderson, Franklin, Starnes & Holt, P.A.</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">-----Original Message-----<br>
<b>From:</b> <a href="mailto:clc-discussion-bounces@lists.flabarrpptl.org" target="_blank">
<span style="color:blue">clc-discussion-bounces@lists.flabarrpptl.org</span></a> [<a href="mailto:clc-discussion-bounces@lists.flabarrpptl.org" target="_blank"><span style="color:blue">mailto:clc-discussion-bounces@lists.flabarrpptl.org</span></a>]
<b>On Behalf Of </b>Raymond L. Robinson<br>
<b>Sent:</b> Tuesday, February 05, 2013 2:02 PM<br>
<b>To:</b> Gibbons, Michael; Roberts, Hardy L.; Construction Law Discussion<br>
<b>Subject:</b> Re: [CLC-Discussion] Can a construction lender bond off aconstruction lien?</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">One could make the argument that Florida is considered a “lien” state and case law has held that a mortgage is not a transfer of “interest” in real property and
therefore does not need two subscribing witnesses. Good question though. Let me know if you find the answer.</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Connect with Robinson & Associates, P.A.</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">From:</span></b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">
<a href="mailto:clc-discussion-bounces@lists.flabarrpptl.org" target="_blank"><span style="color:blue">clc-discussion-bounces@lists.flabarrpptl.org</span></a> [<a href="mailto:clc-discussion-bounces@lists.flabarrpptl.org" target="_blank"><span style="color:blue">mailto:clc-discussion-bounces@lists.flabarrpptl.org</span></a>]
<b>On Behalf Of </b>Gibbons, Michael<br>
<b>Sent:</b> Tuesday, February 05, 2013 12:19 PM<br>
<b>To:</b> 'Roberts, Hardy L.'; 'Construction Law Discussion'<br>
<b>Subject:</b> Re: [CLC-Discussion] Can a construction lender bond off a construction lien?</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Arial","sans-serif";color:black"> </span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Yes. The lender has “an interest” via its mortgage in the real property on which the lien is imposed.</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Michael R. Gibbons (<a href="http://lowndes-law.com/our-people/michael-r-gibbons" target="_blank">Bio</a>)</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Shareholder</span></b><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:green">Lowndes, Drosdick, Doster, Kantor & Reed, P.A.</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:green">215 N. Eola Drive</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:green">Orlando, FL 32801</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:green">Phone: 407-418-6378</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal" style="text-align:justify"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:green">email:
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<p class="MsoNormal" style="text-align:justify"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:green">website:
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">From:</span></b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">
<a href="mailto:clc-discussion-bounces@lists.flabarrpptl.org" target="_blank"><span style="color:blue">clc-discussion-bounces@lists.flabarrpptl.org</span></a> [<a href="mailto:clc-discussion-bounces@lists.flabarrpptl.org" target="_blank"><span style="color:blue">mailto:clc-discussion-bounces@lists.flabarrpptl.org</span></a>]
<b>On Behalf Of </b>Roberts, Hardy L.<br>
<b>Sent:</b> Tuesday, February 05, 2013 11:55 AM<br>
<b>To:</b> 'Construction Law Discussion'<br>
<b>Subject:</b> [CLC-Discussion] Can a construction lender bond off a construction lien?</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Anyone have any thoughts on this?</span><span style="font-family:"Verdana","sans-serif";color:black"><o:p></o:p></span></p>
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Hardy L. Roberts</span></b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"><br>
Attorney at Law / Board Certified in Construction Law by the Florida Bar<br>
4221 W. Boy Scout Blvd., Ste. 1000<br>
Tampa, Florida 33607-5780 <br>
Direct: 813.229.4105 | Fax: 813.229.4133<br>
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<pre style="margin-left:.5in;background:white"><tt><span style="color:black">CLC-Discussion mailing list</span></tt><span style="color:black"><o:p></o:p></span></pre>
<pre style="margin-left:.5in;background:white"><tt><span style="color:black"><a href="mailto:CLC-Discussion@lists.flabarrpptl.org" target="_blank"><span style="color:blue">CLC-Discussion@lists.flabarrpptl.org</span></a></span></tt><span style="color:black"><o:p></o:p></span></pre>
<pre style="margin-left:.5in;background:white"><tt><span style="color:black"><a href="http://mailman.fsr.com/mailman/listinfo/clc-discussion" target="_blank"><span style="color:blue">http://mailman.fsr.com/mailman/listinfo/clc-discussion</span></a></span></tt><span style="color:black"><o:p></o:p></span></pre>
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taxpayer should seek advice from an independent tax advisor with respect to any Federal tax issue(s), transaction(s) or matter(s) addressed, discussed or referenced herein based upon his, her or its particular circumstances. [v4.30]
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<BR><BR>
<B>Notice Under U.S. Treasury Department Circular 230:</B> To the extent that this e-mail communication and the attachment(s) hereto, if any, may contain written advice concerning or relating to a Federal (U.S.) tax issue, United States Treasury Department Regulations (Circular 230) require that we (and we do hereby) advise and disclose to you that, unless we expressly state otherwise in writing, such tax advice is not written or intended to be used, and cannot be used by you (the addressee), or other person(s), for purposes of (1) avoiding penalties imposed under the United States Internal Revenue Code or (2) promoting, marketing or recommending to any other person(s) the (or any of the) transaction(s) or matter(s) addressed, discussed or referenced herein. Each taxpayer should seek advice from an independent tax advisor with respect to any Federal tax issue(s), transaction(s) or matter(s) addressed, discussed or referenced herein based upon his, her or its particular circumstances.
[v4.30]
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