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Illinois Mechanics Lien Frequently Asked QuestionsIllinois Lien Documents are Easy to File with LienItNow.com  What is an Illinois mechanics' lien claim?In Illinois, liens filed on private
property or on funds
relating to a public
project are known as
Mechanic's Liens. When an
Illinois
lien is filed with
regard to work performed
on privately owned
property, it attaches to
and encumbers the fee
simple ownership of
property. Illinois
construction liens on
public property to do
not attach to the real
property, but rather to
the money due from the
owner to the prime
contractor. Who can file an Illinois mechanics' lien Claim?Contractors, as well as
subcontractors and
material suppliers can
file an Illinois
construction lien. If a
company does not have a
contract with the owner
or with the contractor,
they are not eligible to
file an Illinois
mechanics lien claim. Are pre-lien notices for an Illinois mechanics' lien Claim required?Yes. Within 60 days from
beginning work on a
single family, owner
occupied residence,
subcontractors and
suppliers who do not
have a contract with the
owner must provide
notice to the owner that
they are supplying labor
or materials. On all projects, within
90 days of the
completion of the work,
subcontractors and
suppliers who do not
have a contract with the
owner must provide
notice to the owner and
the mortgagee. When should an Illinois mechanics' lien Claim be filed?An Illinois construction lien should be
recorded within
four months
after the completion of
the work to prevail over
the owner and third
parties. An Illinois
construction lien can be
filed up to two
years after
completion of the work,
but may not be valid if
the property was
conveyed to a third
party four months after
the completion of the
project. How much does it cost to file an Illinois mechanics' lien Claim?LienItNow.com prepares, files and
serves Illinois
mechanics' liens (which
includes a written
notice of intent to
claim a lien, if
necessary, as well as a
verified statement of
lien) for a fee of
$250.00. Pre-lien notices
are not included in the
$250.00 price, but can
be filed for a fee of
$50.00. Do I need a written contract to file an Illinois Mechanics Lien?No. Oral contracts are
sufficient if you have
sufficient documentation
to show the existence of
an agreement or that you
performed the work for
which you are filing an
Illinois mechanics lien. How does filing an Illinois mechanics' lien Claim help me get my money?On a private project,
the Illinois mechanics' lien places an encumbrance on
the property that makes
it difficult to resell
or re-finance the
property without first
removing the lien. What is an Illinois Stop Notice and why should it be filed
LienItNow.com prepares and serves
Illinois Stop Notices for
a fee of $100.00.
A Stop Notice is a
notification that has
the ability to enhance
the effectiveness of a
mechanic's lien. A Stop
Notice, or a notice to
withhold funds, is sent
to the company that is
financing or funding the
construction funds for a
project. Once that
company receives the
Stop Notice, that
company has notice that
it should withhold
sufficient money to
satisfy the stop notice
claim. The purpose of
the Stop Notice is to
provide the lender,
financiers or funders of
the construction project
notice that there is
money owed to a
contractor,
subcontractor or
supplier so that an
inquiry can be made as
to why that money is not
being paid. What is an Illinois Amendment to a mechanics' lien Claim?LienItNow.com prepares, files and
serves Illinois
Amendments to mechanics' lien Claims for a fee of $225.00. Amendments to a
mechanics' lien claim
are often needed when
something about the
claim changes. Common
changes to a lien claim
are increases or
reductions in the amount
due to the lienor, or a
change to the last date
of work. When should an Illinois Discharge of mechanics' lien claim be filed?LienItNow.com prepares, files and
serves Illinois
Discharges of mechanics' lien Claims for a fee of
$75.00. Once the lienor
has been paid the amount
contained in its lien
claim, or has come to an
agreement that requires
the lien claim to be
removed from the
property records, a
Discharge of mechanics' lien Claim should be
filed. How much does it cost to file an Illinois Extension of a mechanics' lien Claim?LienItNow.com prepares, files and
serves extensions of
mechanics' lien Claims
for a fee of $75.00.
All lien claims expire
after a certain period
of time, and filing an
extension of the
mechanics' lien claim
prolongs the expiration
date. Illinois law,
however, does not permit
an extension of
mechanics' lien claims. Can I file a Bond Claim on an Illinois Project?LienItNow.com prepares, files and
serves Illinois Bond Claims for a fee of $250.00. Bond claims
can only be filed on a
project where the owner,
contractor or
subcontractor has
obtained a payment bond
to ensure that every
contractor receives
payment for the work
performed on the
Project. The payment
bonds issued by sureties
for construction
projects have specific
timing requirements, but
most require claimants
to submit claims against
the bond within sixty to
ninety days from the
claimants' last date of
work. Bond claims are as or
more effective than a
lien claim because the
payment bond acts as a
guarantee that payment
will be made for work
properly completed. Do I need to file a Pre-Notice to make a claim against an Illinois payment bond?LienItNow.com prepares, files and
serves Illinois
Pre-Notices for bond
claims for a fee of
$50.00. Depending on
the terms of the payment
bond, pre-notices may or
may not be required.
LienItNow.com recommends that, prior
to or immediately after
starting work or
delivering materials to
a project,
subcontractors and
suppliers, file a
pre-notice that it is a
potential beneficiary of
the construction
project's bond. |
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