mechanic's lien

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  • noun

Words related to mechanic's lien

lien to secure payment for work and materials in erecting or repairing a building or other structure

References in periodicals archive ?
Mechanics lien holders file against property owners of a project as protection against not getting paid by a general contractor or subcontractor.
The webinar is led by an expert in the interaction between bankruptcy laws and mechanics lien laws (Michael R.
Mechanics liens are built upon state statutes and based on the project's location--not where the customer is.
The purpose of this article is to provide a general overview of Illinois' mechanics lien law.
Careful use of lien waiver forms can avoid unpaid mechanics lien claims.
While the nature of the contractual action is elementary to most credit professionals, the mechanics lien remedy is complex, diffuse and often ignored or misunderstood - especially by those who do not consider themselves to be traditional "construction industry" vendors.
Having a thorough working knowledge of the mechanics lien, surety bonds, and bankruptcy law is critical to running the business daily.
Our Pennsylvania Effort Committee has been actively working to change the Pennsylvania Mechanics Lien Law.
For years, numerous attempts have been made under the preferential payment section of the code to upset the rights of a mechanics lien holder who may have had a perfected lien or waived those rights in lieu of payment.
In addition to the outstanding mezzanine and mortgage loans, Swig has been hit by millions of dollars in mechanics liens by contractors who have not been paid since late 2008.
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.
Myers handles a wide array of complex commercial litigation matters in the areas of construction law, contractor licensing and regulation, mechanics liens, surety and bond law and construction claims.
His practice focuses almost exclusively on construction-related matters including representing parties in bid protests, contract disputes, mechanics liens and surety law.
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.
This loan is in non-monetary default as the borrower is clearing mechanics liens.