Tag: Lien Foreclosure
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How to Avoid Delinquent Accounts in Construction
In construction one bad loss can break the bank and hurt your overall bottom line for the year. This is especially true if the project has a large contract or might be ongoing for months at a time. With an interruption in cash flow, contractors might risk the well-being of their entire company when they…
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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 Will Restrict The Jobsite Property: How Liens Work
When unpaid on a construction project, those who furnished labor or materials to the job have the option of filing a mechanics lien claim. These claims can be a very effective remedy for the unpaid contractor or supplier. In fact, according to zlien research, many times liens will get paid quickly (within 90 days) and without any…
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How Long Does a Mechanics Lien Last? [Infographic]
What happens after you file a lien? We hope you get paid, and that’s generally the case, but it doesn’t always happen. In the few cases when filing a lien does not result in payment, the next step to recover the money owed is generally filing a law suit to enforce your lien. So, how long does…
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Lien Enforcement Deadline Infographic
All mechanics liens expire and are extinguished at some point, but when exactly is that date, and how is it calculated? The infographic below is a quick guide and provides some down-and-dirty info. Bear in mind, though, that lien enforcement deadlines are strict, strictly determined, and very, very important. While this infographic provides a brief…