Liens
If your company supplies building products or construction related services, depending on the particular situation, you may the have the right to place a lien on that property. However, the right to pursue a lien is subject to certain time restrictions (120 days to file the lien from the last furnishing of goods or services and 180 days to perfect that filing) that must be met in order for the lien to be enforceable.
Obtaining a lien assists in the collection process by allowing you to foreclose on a particular piece of property on which the lien attaches. Also, it solidifies your place in the (what may be forming) line of creditors.
A lien may also provide an additional source of funds from parties willing to pay the debt or assist in its payment in order to restore the marketability of the real property (for example the property owner or later in time creditor).
Many general contractors who are experienced in the business file their own liens. If you have previously filed a lien and have any questions on a particular circumstance then feel free to contact us.
However, if you have never filed a lien before, we definitely recommend that you contact us. We will help guide you through the process and assist you in learning a process that will be useful in the future.
Obtaining a lien assists in the collection process by allowing you to foreclose on a particular piece of property on which the lien attaches. Also, it solidifies your place in the (what may be forming) line of creditors.
A lien may also provide an additional source of funds from parties willing to pay the debt or assist in its payment in order to restore the marketability of the real property (for example the property owner or later in time creditor).
Many general contractors who are experienced in the business file their own liens. If you have previously filed a lien and have any questions on a particular circumstance then feel free to contact us.
However, if you have never filed a lien before, we definitely recommend that you contact us. We will help guide you through the process and assist you in learning a process that will be useful in the future.
