It means that the contractor contributed work and materials that added to the value of your home. You owe that value to the contractor. The lien is a type of security interest that must be paid before you can mortgage or sell your property.
You should check the rules for mechanic's liens in your particular jurisdictions. In some states they have a short life and must be re-recorded with a judgment lien issued by a court. In some states courts are not involved and the liens have a longer life.
You should make arrangements to pay the amount owed in order to keep your title clear. Otherwise the matter may need to be settled by a lawsuit.
Yes. But the contractor could be sued for slander of land title, and would have to pay court costs and attorneys' fees (if you prevail in court after a lawsuit) (in WA). Since I am a construction law expert, I will lend this advise: if the work is not finished or unsatisfactory, DO NOT PAY THE CONTRACTOR ANY MORE MONEY.Instead, write him a letter describing the unfinished or shoddy work and give a certain time period (say, 10 days) to come and fix the defective workmanship. Odds are, the contractor won't do anything, in which case you're free to hire a very good contractor to finish the job. Then, the shoddy contractor may file a lien against your property (just because he can file a lien doesn't mean the lien has merit). Once the contractor has filed the lien, unless you're selling or refinancing right away, or want to "get back at" the contractor immediately, I would do nothing and wait until the contractor sued me for foreclosure of the lien (note the time period to foreclose a lien in WA is 8 months). At that time, I would retain a good construction law attorney and counterclaim for slander of title (filing a lien with no merit) and breach of contract (since you had to pay the other contractor to finish the work) with a prayer for attorneys' fees (RCW 60.08.080). In the event the time lapsed for the contractor to foreclose the lien, or if no lien is filed, you will want to see a construction law or real estate attorney to sue the contractor (look in the phone book for an attorney who will give "free consultations").
The lien doesn't usually affect after-acquired property unless it's an income tax lien. You cannot mortgage, refinance or sell the property against which the lien was recorded. That is exactly the purpose of recording a lien in the land records.
There is a lien or was a lien on the property and the lien was sold to a 3rd party such as an attorney
What's a "lien"? If you mean lion, then Africa. :)
I assume you mean a lien on a home. If you own a home and you owe money, they have the ability to go to court, get a judgment and then place a lien on your home. If the home was used as collateral (for example your mortgage payment or home loan) then they would not need to get a judgment. It will not affect the homeowner until such time as they go to sell, in which case the money for the lien would come out of your proceeds before your receive them, or if you went to get a loan, they would want all leins satisfied out of the loan money and would do so before your received the remainder of the loan. The only kind of lien that can force sale is a defaulted mortgage (forclosure) or a tax lien.
It means that you owe someone money, they have obtained a judgment against you and you will not be able to sell or refinance your property until the lien is paid and a discharge is recorded.
Means he is legal with the state and if he screws up you can sue him.
Go to the DMV (Department of Motor Vehicles) and have them run a lien check on the vehicle. WHAT DO YOU MEAN; BANK LIEN OR MECHANICS LIEN? autolienservice.com
It means that the court is officially documenting that a lien exists to protect the lien-holder's interest.
If this was a true "gift" then that would mean no repayment. I would say it is highly unlikely that a lien can be put on the home.
contractor
what do you mean by property? But a lien can go in animal control.