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Article: Collecting fees in hard times. (using mechanics' liens to collect contractor payments)
- Article from:
- Real Estate Weekly
- Article date:
- July 22, 1992
- Author:
CopyrightCOPYRIGHT 1992 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Mechanic' liens are one of the best tools a contractor has to collect unpaid fees. It creates a public record of the amount owed and shows up on any searches of the title to the property. However, the mere filing of a lien does not assure payment. If a transfer of the property is about to occur, the lien may persuade the owner to pay or settle. If the work was done in a co-op or condominium, the Board may exert pressure to have the lien removed. If nothing is happening with the property through, the lien may just sit and the non-payment issue will not be resolved.
Contractors cannot assume that because a lien is accepted for filing it means that the lien is ...
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Article: Mechanics liens.(liens)(List)
Los Angeles Business Journal;
May 29, 2006 ;
700+ words
... ... SAA Site: 1219 Oakwood Drive Arcadia Lien $19,395 776350 CL: HBI Inc. C=Painter ... 13165-98 Sandoval, Santa Fe Springs Lien $1,111,936 777314 CL: Simon Ben ... Site: 15510 Valley Vista Blvd. Encino Lien $95,000 778023 CL: Environmental Profiles ...
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