How to Make the Most of Your Mechanics Lien
Put the Pressure On and Collect:
Match your mechanics lien with a bond claim
or a stop notice and increase the odds of collecting.
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Preliens - Necessary Protection.
Don't just roll the dice and hope you'll get
paid on a project. File a prelien when you start: most States require
it.
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Move It or Lose It.
Filing deadlines are tight and strict, so don't make a mistake by
waiting until its too late to file your claim.
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Put the Pressure On and
Collect
Football teams
don't win games by using only one tactic: they win by using every tool
at their disposal, maximizing the pressure on their opponent. The
same is true with mechanics liens. Filing more than just a mechanics lien claim puts the squeeze on the company
not paying you.
Using
a mechanics lien, bond claim, and stop notice are all ways to ratchet
up the pressure and increase the chances of getting paid quickly.
When
you serve all three documents together, you'll really get attention.
Next time you're not getting paid, check with us to see if you can file
any one or all of these documents. In the meantime, you can read
more about bond notices, stop notices and mechanics liens by
visiting LienItNow.com's FAQ Section
on the website.
Pre-liens:
Necessary Protection
If you're a
subcontractor or a supplier, chances are that you need to provide some
form of a prelien notice in order to file a lien. Different
States call prelien notices different things: they're also known as
preliminary notices, notices of intent, lien warnings, etc. But whatever name
is used, they all have the same purpose: letting the owner know that you're
on the project and that you may be filing a lien if you're not paid for
the work you do. The timing requirements for filing a
prelien notice also differ from State to State, with some
States requiring prelien notices right when you start work or deliver
materials, and others requiring them right before a lien is
filed. While there are many loopholes that may make your
lien valid even if you forget to file a prelien notice, its better to
be safe than sorry:
LienItNow
recommends providing a prelien notice at the beginning of every
project to ensure your potential mechanics lien claim will be valid.
If you need more information regarding prelien notices, and where and when
they are required, check out
our Prelien Notice FAQ page.
Move It or Lose It
Every day we
receive calls, emails and live chat requests that ask the
same question: "Am I too late to file my mechanics lien?" Avoid having to ask that
question by filing early. When your receivables are more than
45 days past due, start the mechanics lien filing
process. Filing deadlines vary from State to State, but one
thing is constant: if you miss the filing deadline, your lien may be
invalid.
Don't
take chances with your receivables, make sure you file your mechanics lien as
soon as your receivables are overdue.
For lien filing
deadlines, make sure to check out your State's specific requirements in
ourFAQ Section.