Mechanics lien

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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 ?
While describing the mechanics lien process in detail during the four-hour March 19 workshop, Managing the Mechanic's Lien Process in all 50 States, Ring stressed the critical importance of ensuring all components are in place.
Case studies of other construction lawyers who advised their clients through enforcement of mechanics liens on the property of bankrupt debtors, what worked best for them, what mistakes they made, and important lessons learned for 2011
The webinar is led by an expert in the interaction between bankruptcy laws and mechanics lien laws (Michael R.
Although this "first in time, first in right" principle is the general rule, mechanics liens are also given priority over certain interests that were recorded prior to the lien.
A party providing labor, services or materials with respect to a public construction project should be aware of some key differences between mechanics liens on private versus public projects.
The Court today accepted approximately $400 million in bonds purchased by The Venetian to bond over approximately $270 million in remaining mechanics liens which were filed by various contractors with respect to The Venetian Construction Project.
the parent company of The Venetian Resort-Hotel-Casino regarding mechanics liens filed against The Venetian.
The Venetian has purchased approximately $450 million in bonds to bond over approximately $300 million in mechanics liens which have been filed by various contractors with respect to The Venetian Construction Project.
The legal rights of a claimant in the construction industry includes the usual breach of contract remedy as well as the extraordinary remedies provided by the mechanics liens laws.
In some states and circumstances, mechanics liens can even prime a prior consensual lien.
It won't help you with mortgage payments or taxes or mechanics liens, but it will stop the kind of creditors I hear you talking about from taking your home.
Material suppliers, subcontractors, and general contractors for the improvement of real property are aware that mechanics liens are often the only recourse for protecting the assets of the company.