April 30, 2012 by Stephen
Deciding to file a mechanics lien is a often a difficult decision. It should not be. Many companies do not want to upset their customers by filing a mechanics lien, but a mechanics lien is the only way that the law permits you to securitize the value of the labor and materials you provided to a project. Rather than upsetting a customer, companies will simply allow the mechanics lien deadline to pass, thereby waiving a valuable legal right.
However, the reality is that a mechanics lien can have an effect that results not only in your company getting paid more quickly, but also as a company that will tolerate only so much when payments are not made for work or materials provided to a project.
Here are some suggestions to help you decide to go ahead with deciding to file a mechanics lien. Each “yes” answer is worth one point. If you reach 2 or more points, then it may be time to decide to file that mechanics lien.
Have payments on the project been consistently late?
Has the amount owed to you exceeded your internal limit on receivables?
Is the deadline for filing a lien approaching?
Have you completed your work or delivered your materials more than 30 days ago?
Have you heard of other companies filing liens on the Project?
If you answered yes to more than one of these questions, then you may want to file a mechanics lien claim. If you feel nervous about actually filing a construction lien before giving any notice, you can always provide the owner and anyone you have a contract with what is called a “prelien notice” or “notice to owner.” It’s a warning shot that lets everyone know that you’re about to file a construction lien before you actually pull the trigger.
The nationwide mechanics lien filing tools provided by LienItNow.com complete the job of collecting unpaid project money. File a lien on the property with ease through our online system. We can help with all the different documents you need for a property lien. Use all the tools at your disposal, use LienItNow.com.
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