Mechanics lien

(redirected from Mechanic's liens)
Also found in: Legal.

Mechanics lien

A lien filed by a contractor or tradesman for unpaid work performed on a project, which becomes an encumbrance on the property until released by agreement, paid, or dismissed by action in the courts.
References in periodicals archive ?
Greenfield advises and represents both corporate debtors and creditors in state and federal courts involving receiverships, mechanic's liens, collections, foreclosures, lease defaults, and issues under the Uniform Commercial Code.
He has represented clients in complex construction cases involving project delays, disruptions, and inefficiencies, and is experienced in prosecuting and defending mechanic's liens, bond claims, and payment claims.
Sales were originally slated to launch at the Carriage House during the fall of 2007 under a Citi Habitats marketing team, but the developers wound up falling behind on their loan payments, and by the summer of 2009, they were facing lawsuits from two lenders for a total of around $20 million, in addition to 25 mechanic's liens.
The Home Repair and Remodeling Act prevents mechanic's liens on a residence when there is an oral contract for work that exceeds $1,000, ISBA Real Property Newsletter (March 2008), Vol 53, No 9.
In New Hampshire, contractors and suppliers can obtain security for payment through mechanic's liens and bond claims.
Mechanic's liens are easy to file by contractors at county recorders offices and can easily be abused.
For example, the title report obtained by the lender in contemplation of a reverse mortgage may reveal old mortgages that were paid but never satisfied of record, Environmental Control Board (ECB) violations that have become judgments, or mechanic's liens from home repairs--issues which may take substantial time for the title company to clear prior to closing the reverse mortgage.
These include, for example, junior lenders, judgment creditors and holders of mechanic's liens.
Text covers the range of mortgages available to clients as borrowers, the legal consequences of different types of mortgages, and the varieties of liens that can occur as a result of mortgages, including federal tax liens and mechanic's liens.
She also counsels clients on all aspects of procurement law, project development and claims procedure, and has developed an expertise in dealing with complex, multi-party claims disputes involving issues related to defective work, termination, mechanic's liens, differing site conditions clauses, pay-if-paid provisions, and surety and insurance coverage.
9, 2014 /PRNewswire/ -- Founded in 1970, NCS, the largest national service provider of notices, mechanic's liens and bond claims is proud to present its new product LienFinder(TM).