What Are the Chances of Getting Paid After Filing A Lien?
On June 3, 2009
By Jennifer Smiley
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In today’s economic climate, payment problems are plaguing construction projects.
Just recently, a prospective customer called us and asked: what are the chances of getting paid after filing a lien?
Unfortunately, it’s impossible to provide a success percentage because each situation is different.
However, mechanics liens are far and away one of the most effective ways to secure payment for your company.
To put it simply then, we can only point out the obvious in response to this question. The obvious answer is that filing a mechanics lien is a first, and oftentimes necessary, step to get paid on a problem project.
Without a recorded lien, your company is simply a bystander to the project’s payment obligations, and is pinning its company’s rights to payment on good fortune.
Filing a construction lien isn’t extraordinarily expensive, and it’s a step in the right direction for your organization. Get to know the lien deadlines and laws for the state where you performed work, and then make a move to protect your company by securing your lien.
File a lien today and get payment to come your way! Lien SMARTER…..to get paid.
