Insert Circle in the Mechanic'S Lien and eSign it in minutes

Aug 6th, 2022
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How to Insert Circle in the Mechanic'S Lien

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hey everybody welcome to a re live Im marked here the founder of black spectacles and todays episode features Mike Newman whos going to review the questions and answers for our construction documents mock exam the questions Mike will review will help to give you a strategy for how to study for this exam and some of the terms and topics youre gonna see in this exam now if you havent done so already make sure you download the mock exam in the show notes and before we get started if youd like to attend our next a re live broadcast visit black spectacles dot-com slash podcast to register during the broadcast youll have a chance to ask questions and share your answers with Mike and if you dont know Mike hes an adjunct professor at the school of the Art Institute of Chicago hes also the founder of shed studio and hes the instructor for black spectacles online era prep curriculum if you havent already checked out our airy prep curriculum head over to black spectacles comb to wat

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Contractors, subcontractors, laborers, and material suppliers can file what is called a mechanics lien on a homeowners property if they dont get paid. Property owners need to be aware of the process so they can avoid financial and legal pitfalls.
But in general, if youre a property owner: Anyone who works on your construction project or supplies building materials or equipment can file a lien if they dont get paid. It doesnt matter if they have a contract with you, or if they have ever met you.
A mechanics lien is a hold against your property, filed by an unpaid contractor, subcontractor, laborer, or material supplier, and is recorded with the county recorders office. If unpaid, it allows a foreclosure action, forcing the sale of the property in lieu of compensation.
The process of bonding off a mechanics lien starts after a claimant has filed a mechanics lien. After the claim is made, a general contractor or a property owner can contact a surety bond company to purchase a surety bond that replaces the value of the lien that was filed against the property.
To enforce the lien, the contractor must file a lawsuit within 90 days from the date of recording the lien. If this deadline is passed, the contractor may not be able to enforce the lien and may be required to remove the lien.
Only a handful of states require lien waivers to be docHubd. In California, this not only is this not required but could also potentially invalidate the lien waiver. Dont make mistakes with your lien waivers that can cost your business millions like Zachry Construction.
Every mechanics lien in California must contain the owners name, a general description of the property and location, the name of the hiring party, a description of the work performed and the amount of money owed.
All persons who, at the request of the owner or owners agent, furnish labor, material, leasing equipment, special skills, or other necessary services to a project for constructing a work of improvement on real property are entitled to a mechanics lien unless they come within a statutory or case law exception.

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