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All States - Real Estate--Construction-CLAIM OF LIEN PACKAGE

All States - Real Estate--Construction-CLAIM OF LIEN PACKAGE
Product Code: LB-RE-CL
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Price: $19.95 $2.00
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UDOLEGAL.COM LAW SCHOOL AND EDUCATION CENTER

CONSTRUCTION-CLAIM OF LIEN PACKAGE

$19.95

Contained in this package are the following forms:

Claim of Lien Form:A lien is a document that formalizes a debt and is prepared and recorded by the party to whom money is owed.A lien that is carried to judgment often carries with it the right to sell property, if necessary, to obtain the money. A mortgage or a deed of trust is a form of lien, and any lien against real property must be recorded with the County Recorder to be enforceable.In this context a claim of lien is generally recorded when the client does not timely pay the contractor or materialman for services performs or material supplied.There are numerous types of liens including: a mechanic's lien against the real property upon which a workman, contractor or supplier has provided work or materials, an attorney's lien for fees to be paid from funds recovered by his/her efforts, a medical lien for medical bills to be paid from funds recovered for an injury, a landlord's lien against a tenant's property for unpaid rent or damages, a tax lien to enforce the government's claim of unpaid taxes, or the security agreement (UCC-1) authorized by the Uniform Commercial Code. Liens are generally enforceable in the order in which they were recorded or filed except tax liens, which have priority over the private citizen's claim.

 

Release of Lien and Satisfaction:Should a party record a claim of lien and then be paid the full or agreed amount then that party is responsible for supplying to the debtor a Release of Lien and satisfaction .This form is required if the lien has been reduced to judgment.A judgment is recorded in the County Records and acts as a cloud on the debtor's title.This form will release the judgment.


Simple Release of Lien:Use this form if the Claim of Lien has not yet been reduced to judgment

 

Ten Errors in Filing Construction Liens:Review this checklist prior to the filing of any lien.The recording of a Claim of Lien is a statutory process and all requirements must be strictly followed if you are to be successful in attempting to foreclose on the Claim of Lien.Avoid simple and common mistakes by reviewing this document and following the direction contained in it.

 

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