The lien will be "notarized" (rendered enforceable), when it is filed with the clerk of the court that holds jurisdiction in such matters.
they can put a lien on your title,its called a mechanics lien
this is a waiver of lien by contractor, subcontractor, or supplier.
Try the link below for filing a mechanics lien in Illinois.
It depends, typically in Illinois, material lien waivers do not need to be notarized, however contractor lien waivers (where labor was performed) will require a notary.
Could be a mechanics lien.
Yes, that is exactly when the builder would do it! If you're in agreement, there would not be any reason to have the expense of filing a lien. You will need to settle the dispute (like gentlemen) and obtain a release (and preferably a waiver of any other claims) that conforms to your local lien/release recording regulations.
any lien is challengable in superior court or small claims, depending on amount of lien.
NO! BANK LIEN-PAY IT OFF. MECHANICS LIEN-PAY IT OFF. autolienservice.com
A first lien holder is usually the lender or mortgage holder. Mechanics or Construction Liens do not supercede any lien placed before them or mortgage recorded after the lien is filed. In Minnesota mechanics liens are only enforceable for one year after the last day of service. Any lien holder, regardless of where they are in priority, can file to enforce their lien at anytime during that one year period.
Obtain legal advice for your jurisdiction.
No, you need to file a repairmans lien.
Is it a final lien waiver upon final payment? If it's a progress lien waiver, then they can still claim funds due. The final is final, and no further amounts would have to be paid.