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In this video, Mike Stewart discusses the implications of builders liens for property owners. A builders lien can significantly hinder projects, especially for developers with bank loans, as banks may halt further funding due to the lien. Homeowners face similar issues; if a lien appears, their bank may require its removal, as liens are not allowed on mortgaged properties. To address liens, it's important to understand that the Builders Lien Act imposes strict deadlines and procedures. Specifically, liens must be filed within 45 days of substantial project completion, and failure to meet this timeline can result in the lien being removed.