May 25, 2022
Bad Checks and Credit Card Chargebacks – How to Deal with Them
Learn about bad checks and credit card chargebacks, when not to sign a bond or lien release, when to send a statutory demand latter, and when to file a lawsuit.
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Bad Checks and Credit Card Chargebacks – How to Deal with Them
Learn about bad checks and credit card chargebacks, when not to sign a bond or lien release, when to send a statutory demand latter, and when to file a lawsuit.
Arcadia Financial LTD has just released a new lien release. If you were one of the thousands of people who got an email from them, then you
How To Look Up Liens on a Property You're Consider Purchasing
Boo! Scary Lien Waivers and How to Avoid Them (And Still Get Paid)
We will talk about liens and waivers, what they do, how they affect your lien rights, what forms to use, specific language you should use, and how to protect your lien rights.
How to do a Release of Lien? Common Mistakes
SunRay Construction Solutions in conjunction with Alex Barthet, Esq. presented a free webinar entitled "Lien Release Pitfalls" explaining some of the common mistakes made when doing a lien release.
When do you file a contractor or mechanics lien release form?
After receiving a written request for a lien release form, the contractor or subcontractor has 10 days to complete the paperwork. In other words, time does not start until the request to release a lien has been placed in writing. At this point, it is up to the contractor or subcontractor to obtain the lien release form, fill it out, and have it notarized.
Lien Waiver: A lien waiver is a document that waives and forfeits the lien rights of the signing party. A lien waiver is typically signed at the time of payment. The lien waiver form is a state-mandated form and should only be signed by the subcontractor or supplier in exchange for payment. The lien waiver form does not technically need to be notarized or filed with the county, as it is an internal document and more of an insurance policy for the project owner, so they know the downstream subcontractors have been paid. If you sign a lien waiver, be aware that you might lose your right to file a mechanics lien – so it is in your best interest to sign it only upon receiving payment. Lien Release: A lien release is a document that is signed and issued by a contractor or subcontractor after a lien has already been filed. The purpose of the lien release is to release a lien that has been filed. However, unlike the lien waiver, the release of lien form must be notarized and filed in the official property records of the county. The lien release form will cancel an existing mechanics lien that was filed against the project. In both cases, the signer must use caution before signing either a lien waiver or a lien release because of the effect it will have on their future ability to assert lien claims.
Lien Release:
A lien release is a document that is signed and issued by a contractor or subcontractor after a lien has already been filed. The purpose of the lien release is to release a lien that has been filed. However, unlike the lien waiver, the release of lien form must be notarized and filed in the official property records of the county. The lien release form will cancel an existing mechanics lien that was filed against the project. In both cases, the signer must use caution before signing either a lien waiver or a lien release because of the effect it will have on their future ability to assert lien claims.