Skip to main content

Check Out The Important Tips On How Can You File a Lien on a Property?

A property lien can be filed by any establishment or individual against a home owner’s property for specific reasons. Property owners who failed to pay the entire construction cost for his property may be filed with a property lien securing the amount of money owed including its interest.

For any construction job where home owners neglect the payment for the services or materials because of personal reasons, the contractor can file a lien against the property. This can be their last effective resort to collect the money they earned for their services.

A property lien can stay in the property even if it is transferred to the name of another family member. The contractor who filed the lien can also collect his interest afterwards if it takes long time for the owner to pay his debt. If you want to know how to file a lien on a property, here are tips that might help you get through with the process smoothly.

1. File a Lawsuit – You must have a judgment as you file a lawsuit against the owner of the property who owes you money which can be obtained in your local court. File a lawsuit for the amount of money or services that were taken from you by the property owner who failed to comply his obligation. Depending on the amount that was owed the law may refer you to courts intended for small claims. If you have proper documentation for your case, a judgment can be issued by the court for the specified amount.

2. Visit your local clerk’s office – You need to do this to obtain a certified copy or proper documentation for the judgment. After obtaining a judgment you can wait about a week to formally file the lien. Be sure that you will pick up a certified copy because this will be used to file the property lien. You may be required to pay a certain amount or fee for the process.

3. Remember to file the lawsuit in the local court where the property is located – Secure the right information including the address of the property to avoid delays or problems when filing the judgment. Once a judgment is declared, a lien can be filed on the property. Check if the debtor owns another property aside from the one you know, if you found out he has more, then you can start filing liens on the others as well for total assurance that your money will be paid back.

4. You may also file a mechanic’s lien – This is a record of building or property’s improvement cost. This is known as lien notice or lien claim. Contractors can file a mechanic’s lien depending on the rules administered by the state. It is usually done by many contractors before they start working on a property. When the work is done and the cost of construction services is paid, a lien satisfaction must be filed removing the burden from the property.

Although a property lien can be considered as great remedy for securing that you will get the money from the services you made, there is no given right to anyone to just file a lien on a person’s property. Filing a property lien is considered only as a privilege, it not actually a right. Contractors must also follow certain rules administered by the state before placing a lien on someone’s property. If you want to file a property lien you must make sure to do this on the right time following the regulations of the court. If you are not sure when to start doing this, it is therefore necessary for you to seek professional help. Consult a lawyer and ask about the proper timing and steps towards legal completion of filing a property lien.

Alexander is a lawyer who specializes in property lien. He has been dealing with client for this kind of cases for more than a decade now. He is also a good source of information for those who want to know how to file a lien on a property.


Popular posts from this blog

Why it’s important to save for retirement

While retirement may seem far off in the distance for some, financial experts say you’re never too young to begin saving.  In fact, the earlier you calculate your retirement needs and start building your nest egg, the easier it will be to create a viable plan for the future. Many experts advise you begin saving a percentage of your income for retirement as soon as possible, no matter how little the contribution may be, as it’s possible the Social Security benefits millions of people currently depend on may be in jeopardy.

Low interest credit cards - how to make them work for you

Credit cards are borrowing instruments, unlike debit cards where you already have the money. Banks are there to make money too. Just like high street stores, they hope to maximise their profits within the rules. So it’s important to understand the basics and find a credit card that’s right for you – you can compare low APR credit cards here . Now you know the rules, let’s find out how to play the game. The financial services industry charges interest on the money that it lends out. Let us assume you borrow £100 on your credit card and keep it for exactly one year before you pay it back. For the purposes of this article, we will assume your loan attracts 8% interest per year, which is the Annual Percentage Rate, or APR for that particular transaction. Practical example

Basics of Stock Markets: The A-Z Quick Sheet for a Beginner-Level Investor

Several individuals wish to engage themselves in stock market and invest their money in stocks, but they don’t have an idea about Stock markets and how they work . In fact, there may be lot of info available to you, but they may all seem confusing without actually knowing the basics. This post aims at educating the beginners about the basics of stocks market. Read on to enlighten yourself about the A-Z of stock market. 

Looking For Ways To Finance Your Next Building Project? Look No Further

If you need money to start your next building project, you may be quite surprised by the number of different options you have. However, the options that will actually be available to you will depend on many different factors and these factors will decide how eligible for construction finance you are. In this short article, we will look at what you can borrow, how you can borrow, and what restrictions you might come across. Please note that while the information in this post is correct, your own personal situation will determine what the best course of action is for you. Speaking to an independent financial advisor will help you to see if you are eligible for construction finance and how to go about getting it. Different Types of Mortgages Let’s start with the different types of mortgages that may be available to you. Remember, whether one is better for your needs than another depends on many factors. Commercial Mortgages Let’s start with commercial mortgages because they a

Four factors that have fuelled city-centre living

Urban centres have become increasingly popular in recent years as both residential locations and as commercial space. This social change has been driven by a number of factors and has been reflected in the number of new property developments springing up in major cities around the UK. As space tends to be at a premium in urban areas, it has led to the construction of a greater number of apartments; potentially fuelling interest in block of flats insurance . So why have so many people decided that an apartment in a town is a better place to live than a larger house in the country? Here are four factors that are likely to have spurred on the rush for the city...

Manage Your Student Loan Debt Better in 2015

Image via gettyimages It is usually seen that most of the students fail to manage their student loan debts efficiently after their graduation. The reason is quite simple. Most of the students spend their earnings on comfort and luxuries instead of repaying their student loan debt. It has become comparatively easy to acquire student loans. However, each one of us should keep in mind the fact that repaying loans are not easy as borrowing it. This is why there arises the need of a proper strateg y when it comes to managing your loans. It is desirable to formulate these strategies while you are still in college instead of waiting until you get a good job. If you are one of this kind, here are some easy tips for you to manage your student loan debt better:

Learn how real estate agents value properties for sale

How do you get into real estate sales? Every owner wants to sell his property for its maximum value. And all too often they end up choosing a real estate agent simply based on who gives them the highest initial valuation. However, this will be a costly mistake. How your home is valued. If you make a mistake in the estimate, it is possible that it will be sold for a price that is less than the real value of the property. On the other hand, even overpriced homes will discourage potential buyers from viewing your home. Also, high selling prices can even result in a long wait before a good deal comes in or does not sell at all. Therefore, titration is recommended as a suitable agent. Here are some things that real estate agents consider during property valuation . But, few factors real estate agents consider when valuing a property. 1. Local services:   During property valuation, one of the main factors that can drive the sale price up is the actual area where the home is located. Aspects