Finish your Mechanics Lien in less than 10 minutes: To complete your Mechanics Lien, just answer a few questions, like: Your company name and address 2.

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The name of the company you did work for 3. What is a mechanics lien?

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A lien is an encumbrance on one person's property to secure a debt the property owner owes to another person. The statement that someone's property is " tied up " describes the effect of mechanics liens on real estate. Lien is a French word meaning " knot or binding " that was brought to Britain with the French language during the Middle Ages, making its way to the United States in its formative years.

All 50 States now have Statutes permitting the filing of mechanics liens on real property. A mechanics lien by any other name No doubt you are confused by the term "mechanics lien".

LienItNow receives numberous phone calls from car mechanics asking to file a lien on a car. But for whatever reason, the original name of liens on construction are called mechanics lien. Many states have tried to make this clearer by 777 bible stock market drops them "construction liens".

Other states call the liens materialman and mechanics liens, and still other states simply name their liens on construction project "notice of claim on lien.

What does a mechanics lien do for me? In the modern sense, a mechanic's lien is a security interest in the title to property for the benefit of those who have supplied labor or materials that improve the property. It is similar to a mortgage in that the property usually cannot be sold unless without the mechanics lien being make money judgement liens. Mechanics liens are generally filed on property where construction is ongoing or recently completed.

On what type of property can a mechanics be filed? Mechanics liens can be placed on real property, or land and buildings.

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What is the benefit of filing a mechanics lien? The benefit of filing a mechanics lien is that it provides a certain level of security for the value of the labor or materials provided on a construction project.

In many States, a pre-lien notice or preliminary notice must be filed prior to or with the filing of a mechanics lien. To find out more information on what your State requires, visit our FAQ section.

Mechanics Lien FAQ

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