In Nebraska, liens filed on private property or on funds relating to a public project are known as Mechanic’s Liens. Nebraska construction liens are regulated by the Nebraska Construction Lien Act, which generally provides for liens against real estate in favor or any person who furnished services for materials under a real estate improvement contract. […]
Nebraska Lien Filing Who Can File: Anyone who has provided work that changes the condition of the property is entitled to a mechanic’s lien. However, suppliers of suppliers and and Claimant in the tiers below cannot file as their relationship to the project is too distant. What Can Be Claimed: Anything that changes the condition of the […]
According to Bizjournals, the Federal Reserve Bank of Kansas City which regulates banks in a seven-state region, allowed for land development and construction loans to be made during the second quarter. According to the recent report by the Federal Reserve Bank of Kansas City, the banks only netted a profit of $110 million over loans in […]
An age old story in construction is as follows: the owner doesn’t pay the contractor, and a subcontractor, who has performed its work diligently and according to its contract, doesn’t get paid either. Most of these situations arise because the subcontract contains “pay when paid” or “pay-if-paid” clauses. These clauses shift the risk of nonpayment […]
