Depends upon the wording of the law in your particular state but usually, no. The seized property itself is the collateral for the amount owed - and in most cases is (or should be) worth more than the amount of "mechanics" lien.
In most cases, yes.
Yes, when you place a mechanics lien on someone's property, you can typically include interest on the amount owed, provided that the underlying agreement or contract allows for it. The interest calculation should follow the terms specified in the contract or any applicable state laws regarding mechanics liens. It's important to check local regulations, as they may have specific requirements for interest rates and how they can be applied.
Try the link below for filing a mechanics lien in Illinois.
An express mechanics lien is a legal claim against a property that ensures payment for labor or materials provided during construction or renovation. It is typically filed by contractors, subcontractors, or suppliers who have not been paid for their work. This lien gives them a secure interest in the property, allowing them to seek payment through foreclosure if necessary. The express mechanics lien must be properly executed and filed within specific time frames to be enforceable.
Could be a mechanics lien.
any lien is challengable in superior court or small claims, depending on amount of lien.
The IRS can put a lien on your home for past due child support and they will even charge interest.
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.
No, you need to file a repairmans lien.
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
To file a mechanics lien in Mississippi one will need to go to the courthouse and file the paperwork. An attorney can be hired to file all the paperwork for you.