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 ?
The developers allegedly incurred further default as millions of dollars of mechanics liens were filed against the property by unpaid contractors, and the group insurance policy at the property was canceled.
Incorporate special foreclosure processes for vehicles and boats into Chapter 59 instead of the current separate section of the property code subject to changes intended for mechanics liens
His practice focuses almost exclusively on construction-related matters including representing parties in bid protests, contract disputes, mechanics liens and surety law.
It is essential that the agreement of sale obligate the seller to deliver the title free of all liens, as a distressed property owner's failure to pay contractors and suppliers may result in mechanics liens on the property.
Understand the risks of mechanics liens from subcontractors: Costly problems relating to mechanics liens can come at a developer from a number of directions.
In other cases, mechanics liens were illegally put on cars to sell them in order to pay for the fraudulent billing, phony repairs and fees, according to the lawsuit filed in Superior Court.
Take the 60 minutes to view this webinar (on your computer, mobile phone, iPod, iPad, Kindle or printed out) to update your knowledge of mechanics liens which secure the payment of those supplying material or labor used in the improvement of real property and what type of status they receive in bankruptcy, so that you can advise your clients who are enforcing mechanic's liens on the property of debtors that have filed for bankruptcy.
4 million in outstanding common charges, pay the $17 million in outstanding mechanics liens and would pour millions of dollars into Sheffield57 to complete construction of the project.
The workshop will include a panel of experts covering a variety of topics, including planning, budgeting, saving energy, hiring a contractor, contracts and mechanics liens.
satisfaction of all of the outstanding mechanics liens on OESI's
bankruptcy status of the debtor, the differing ramifications of traffic risk versus availability payment structures, the implications of gaps in the collateral package, the possible impact of mechanics liens securing cost overruns)
DWC's new Small Business Division is well suited for small operating companies and simple rents and profits real estate receiverships that don't encompass mechanics liens, litigation, construction, entitlements or detailed forensic analysis.