Set word in a Mechanic's Lien - Online Editor

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How to set word in the Mechanic's Lien

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welcome once again to latos law heres Steve lato Bob sent me a one sentence email and said Steve can you please explain a mechanics lien or a garage keeper lean and Im specifically talking about the liens that have to do with automobiles some states have got mechanics liens and they actually use that in reference to any work done uh for instance on a piece of property you bring in a plumber and he works in your house and you refuse to pay him in some states that Palmer may be able to file a lien against your property to assure that he gets paid if nothing else at least when the home gets sold so Im talking about garage keeper liens or mechanics liens on automobiles because in Michigan they are authorized by MCL 570.301 at sac and theyve been around for a long long time and believe it or not years ago I had a friend who owned a gas station and he also did mechanical work there and at one occasion somebody brought a vehicle in and asked him to do the work sign the authorization did

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What is the primary difference between a specific and general lien?

General Lien A claim against some or all of a debtors property; any property may be sold to satisfy the debt. Specific Lien A claim against a specific piece of property; only that individual property may be used to collect against the debt.

How does a mechanics lien work in Canada?

Mechanics Liens are a risk management tool to leverage payment from an overdue customer. A Mechanics Lien in these provinces ensures you have a secured interest in a property you have worked on- or supplied materials to a job site. Generally, liens are a collection tool in the event of non-payment.

What establishes the priority of a mechanics lien?

How Is Priority Determined? Liens generally follow the first in time, first in right rule, which says that whichever lien is recorded first in the land records has higher priority than later recorded liens.

What is a mechanics lien an example of?

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.

How do I enforce a mechanics lien in NY?

To enforce a mechanics lien, it is necessary to commence a lawsuit and file a notice of pendency before it expires. Lien Law 17. If the lienor fails to foreclose on the lien before it expires, the lien is automatically extinguished, though it may still be possible to commence a lawsuit for bdocHub of contract.

What is mortgage priority?

A lenders instructions tell the borrowers lawyer what priority the mortgage must have - usually a first mortgage. It is therefore the lawyers obligation to ensure no other liens, mortgages, or other claims would take priority over the lender.

Which creates a general lien?

A general lien is one that attaches to ALL property owned by the lienee. 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.

How do I get around a mechanics lien?

How Do You Get Rid of a Mechanics Lien? A mechanics lien, once recorded, creates a title problem that must be dealt with before you can sell or refinance your home. If, after investigation, you are persuaded that the lien is invalid, you will have to go to the county courthouse or registrar of deeds to remove it.

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Set word in the Mechanic's Lien