Set type in the Mechanic's Lien effortlessly

Aug 6th, 2022
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How to Set type in the Mechanic's Lien

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my name is Jim - Im a founding member of the law firm of Carlson - LLC and Im here to talk to you today about mechanics liens in Illinois mechanics liens are much like mortgages you may not realize that you have a mortgage to secure your construction debt but if you have a qualifying contract to produce improvements to real estate you have or may have a mechanics lien so whats a qualifying contract a qualifying contract is a contract to improve the real estate as that term is defined in Section one of the mechanics lien act some improvements are obvious for example if you are installing structural steel or painting or installing electrical work these things are obvious there are things however that are not so obvious that are also provided for in section one for example land surveyors professional engineers structural engineers and architects yes even architects for buildings that dont get built are defined to improve the land under section 1 of the mechanics lien act perfect

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.
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General lien. An attachment that gives the lender the right to seize the personal property of a borrower who has not fulfilled the obligations of the loan, but prevents the lender from seizing real property.
General lien. A claim against a person and all of their property.
A judgment is a general, involuntary, equitable lien on both real and personal property owned by the debtor.
Examples of general liens include: -Federal income tax lien - a statutory lien which can occur when federal income taxes are not paid. -Judgement Lien - a statutory lien which results from court action brought against the lienee.
The lien is released when the loan amount is paid in full. Mortgage liens usually take priority over any other lien except tax liens.
General liens apply to all property owned by the debtor. For example, if you fail to pay your federal income taxes, the government could place a lien against everything you own, not just your house.

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