Mechanics lien amendments serve to correct, modify, or add information to a previously recorded lien. Very few states have concrete statutory rules when it comes to the applicability or availability of amendments, or the process of modifying a previously recorded lien….Read More
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A mechanic’s lien is a security interest in the title to property for the benefit of those who have supplied labor or materials that improve the property.
Mechanics liens can be cancelled or released by the claimant. The release is important to consider once payment has been received, as a tool to mitigate rough business relations with the customers, and to ensure your own business integrity….Read More
Pennsylvania’s Supreme Court will determine the fate of a claimant who filed several mechanic’s lien claims and mechanics lien enforcement actions to secure an unpaid debt owed to them after rendering over $2 million dollar in demolition services. With…Read More
Mechanic liens and notices require certain data to correctly identify the property being liened. Much of property research hinges on the following three pieces of data:
- Legal Description. Each state has specific requirements for what…
Mechanics lien claims cloud the title of the property against which they are asserted, and can enjoy an advantageous priority position in potential foreclosure proceedings. Because of this, a common question is how title insurance coverage applies to situations in…Read More
Receiving a mechanics lien can be stressful – but it doesn’t have to be confusing. Liens generally supply the recipients with as much information as possible to understand who and why the property is being liened. If you received a lien and can’t…Read More
Serving a mechanics lien, or providing a copy of the lien to interested parties, ensures that they receive notice and can promptly recognize and pay your claim. In most states, mechanics liens lien may be served through the mail, usually by sending it via…Read More
Mechanics liens protect parties that furnish labor and/or material in the improvement of property. While the exact definition of the protected parties varies from state to state, this core statement remains the same. In order to file a valid…Read More
This is a guest editorial post by Kurt Sorensen, the Corporate Credit Director for H&E Equipment. The following was submitted to the Louisiana State Law Institute Security Devices Committee suggesting changes be…Read More
Here is a story of two credit and collection departments: the status-quo team and the data-driven team.
The status quo team has a way of doing things that work, and has worked for years. Their…Read More