Author: Mark Vessio
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Property for Payment: Mechanics Liens Give You Options
Sometimes, the financial difficulty of the party with whom you contracted, or even their bankruptcy, can be the reason why you are not receiving payment. In that situation it may seem like nothing can get you paid – if there’s no money left at all, how can you get what’s due to you? That’s not…
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Mechanics Liens Can Turn Promises Into Payment
Payment problems are frustratingly common on construction projects. Many times the problem may be the classic “the check’s in the mail” problem. Payment may or may not be coming eventually, but you are constantly being told that the payment is forthcoming with little or nothing to show for it. One way to alleviate this issue…
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Mechanics Liens Obligate More Parties to Pay
When a mechanics lien is filed, the lien enables you to obligate other parties you have not entered into a contract with to pay the debt owed to you. This ability to pull other parties into the mix better ensures that you get paid. This is part of a 17-Part Series on How Mechanic Liens…
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Filing a Mechanics Liens Can Cause a Breach of Contract
Filing a mechanics lien is the most powerful tool a contractor, subcontractor, or supplier can use to get paid. One of the ways a mechanics lien can be used to get paid is by causing a breach of contract. Although this sounds like a negative result, it puts pressure on parties to get the lien…
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People Would Rather Avoid Your Mechanics Lien
Disputes arise all the time in construction projects. It is a reality of the business that, while unfortunate, is constantly present. Mechanics liens, although potentially a precursor to an action in court, can actually help avoid litigation and get you paid. This is part of a 17-Part Series on How Mechanic Liens Work To Get You Paid.…