0
Can a subcontractor sue a contractor for nonpayment if the grace period for a mechanics lien has expired and the contractor is closing on the house in 2 weeks?
Yes--but the lawsuit would be for payment only, and not for foreclosure, since the grace period for the lien has expired. You may be able to get a prejudgment attachment against the house, so see a construction law or real estate attorney quickly to protect your rights.
What else can I help you with?
What will happen if the builder won't paid the subcontractor after the closing but we already paid the builder in full Are we responsible and can they put a lien on our home What should we do?
Generally, if the title to your property was free and clear of any lien by the subcontractor when your deed was recorded then it's too late for the subcontractor to record a lien now. The subcontractor would need to sue the builder in a separate court proceeding in order to get paid. If there WAS a lien recorded by the subcontractor prior to the sale it should have been paid from the proceeds at the closing. Payment of any outstanding liens would be your attorney's responsibility. If the subcontractor contacts you for payment refer them to the attorney who represented you in the purchase. In Pennsylvania there is a new law that allows subs to file liens against your property even after you have closed and received free/clear title. Look into it if you're buying in PA. TH Properties was the builder, see website formed by the buyers: wheresbuilder.com
In Washington state can a mechanics lien prevent a property from closing escrow?
In most states a mechanics lean is paid off from the proceeds of the sale. It does not prevent a sale but is paid when the sale occurs. One man registered his lean five minutes before the closing and got his money.
I recently purchased a house in Texas and the previous owner replaced the roof but has not paid full balance to the contractor the contractor has threatened to put a lien on the house can he do that?
You should review your closing documents. In many states the seller must sign a lien waiver stating that there are no outstanding liens on the property and if any are filed as a consequence of work he has had done to the property, HE will make good on them, NOT YOU. I would call the closing attorney you used and any realtor involved in the transaction and raise Hell. The answer to your question is yes, unfortunately. It is known as mechanic's lien.
What is the equation of closing stock?
closing stock calculation formula? closing stock calculation formula? closing stock calculation formula? yes how can i do the closing stock calculation?
What is the closing of a letter?
Closing Remarks
What comes first closing journal entries or post closing entries?
Closing entries comes first as name shows post closing entries are after closing entries and it is as simple as name suggests.
When was Closing In created?
Closing In was created in 2005.
What is closing in safety management?
What is closing potential
Can a lien be placed on my property for work done under the previous owners 18 months ago?
Yes. The real question, however, is whether it is enforceable. Every state has laws governing the outside date when liens can be filed, and how long the contractor can wait before filing suit to try to enforce it. But you should look at the deed that you got at closing. Depending on the kind of deed, if the contractor has a valid lien you may have a right to go after the previous owner for damages you suffer.
Is 13 the musical closing?
13 the musical is closing.
What can Closing signals be?
Closing signals can be verbal or nonverbal
What will be a closing remark for graduation?
Example of Closing Remarks
