HIRE A LEGAL EXPERT TO FILE MECHANICS LIENby Alan M. Cohen LLC Debt Collection Lawyer in Boston
If you are a contractor, material provider or any home improvement professional, you have an effective device to secure a debt the property owner owes to you. And this effective tool is mechanics lien. It is generally filed where construction is ongoing or is recently completed.
A mechanics lien is a legal document that usually is filed with the county clerk where the work was done. It will give the petitioner an interest in the title to the property that was owned. In other words, if your lien is justified and the party refuses to pay, the property can really be sold to generate the money you are owed. Before applying for mechanics lien, you should know the purpose and the benefits. It is important to keep track of the lien’s statue to properly file a mechanics lien. For example, in some states, a notice is required before you start with the job while others may give you up to least eight months after your last day on the job to file a lien.
It is good to hire a professional company for filing a mechanics lien. A legal expert with good experience in this field and judgment enforcement will help you in the best possible manner. Many individuals ask – On what type of property can a mechanics lien be filed? This lien can be placed on a real property, or land and buildings. Also, they are referred by different names like construction lien, supplier’s line, design professional lien and more. In a nutshell, the main benefit of signing it is that it provides a certain level of security for the value of the labor or the materials provided.
Created on Nov 8th 2017 02:04. Viewed 470 times.