Remove Name Field to the Mechanic'S Lien and eSign it in minutes

Aug 6th, 2022
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How to Remove Name Field to the Mechanic'S Lien

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hey everybody this is attorney Kenneth Stevens from the law firm Stevens PLLC and today what Id like to talk to you all about are easy ways to get rid of a lien thats been filed on a project now I know a lot of times that a lien gets filed and everybody starts to panic right I mean the owners losing it or the developers losing it because now theres a cloud on the title of the property your general contractor you got to deal with this headache because you know some subcontractors fought a lien or a material supplier what-have-you but I think a lot of times of liens kind of get blown out of proportion not saying that its a good thing for one to be filed but what I am saying is that sometimes theyre relatively easy to deal with so Im gonna talk about three ways to remove a lien relatively quickly and relatively easy the first way obviously is kind of a no-brainer is just to kind of try to work it out with the party that fought the lien most liens actually get worked out this way you

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Here are a few ways to remove the lien: Invalidate the lien. If the lien is invalid or was obtained in a manner that doesnt follow the procedural requirements under the law, an attorney may be able to strip the lien from the property. Satisfy the debt. Negotiate a lower payoff. File for bankruptcy.
Per a 2016 amendment to the Illinois Mechanics Lien Act, the state developed a statutory process for the interested buyer to obtain a surety bond for the amount of the lien, effectively removing it by proving you have the means to pay it at a later time. This process is known as bonding over the lien, or bonding off.
The mechanics lien process MAY NOT begin until 60 days has lapsed without service payment for liens of $2,000 or less, or until 30 days has lapsed without service payment for liens of more than $2,000. A mechanics lien transaction in violation of these provisions of the Illinois Compiled Statutes will be returned.
New York Lien Law 20 provides that an owner may discharge a mechanics lien by the payment of money into court. Before a lien foreclosure action is commenced, the discharge is effectuated by depositing with the county clerk a payment equal to the amount claimed in the lien, with interest to the time of the deposit.
To Remove Lienholder: Submit lien clearance letter from the lienholder indicating that the lien has been paid in full; or. Submit lien contract stating that the lien has been paid in full; Submit a court order directing our office to issue the duplicate title without the lien or lienholders name.
Court Petition to Release the Property Lien If the lien claimant doesnt remove the invalid lien, and the time has expired to record the mechanics lien and take action to foreclose, you may petition the court for a decree to release the property from the lien.
Contractors and subcontractors must file suit to enforce a mechanics lien within two years of the last date of work.
Mechanics liens are valid for 2 years after filing in Illinois. This means that, unless you extend the lien, you have 2 years to enforce your lien.

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