common mechanics lien mistakes
DESCRIPTION
The term "mechanics lien" can get thrown around on a construction project, and sometimes, contractors and suppliers need the remedy badly to avoid a default account. The lien laws can be hyper-complex, however, which means its easy to make mistakes. This presentation goes through some of the most common mistakes made with mechanics lien claims. It is presented by zlien, the industry's leading platform for mechanics lien and bond claim management, which is used to file thousands of lien claims each year.TRANSCRIPT
Common Lien Mistakes
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Construction Credit Knowledge
The Mechanics Lien Is The Best Remedy Available To Contractors And Suppliers.
Construction Lawyers Agree:
“A personal guarantee or joint check agreement is nice to have, but not a substitute for a lien or bond claim.”
Joe Virene, Esq.Texas Subcontractor & Supplier Legal Guide
Construction Lawyers Agree:
“An Unpaid Contractor’s Best Friend”
David T. Arena, Esq.Illinois Mechanics Liens: Di Monte & Lizak LLC
Construction Lawyers Agree:
“An essential collection tool for contractors and material providers in construction projects.”
Paul C. Bauducco, Esq.Smart Tools of the Construction Industry
Previous webinar explaining why the mechanics lien rules.http://zlien.us/lien-is-best
Why Mechanics Liens Rule
View This Other Presentation To Learn Why Mechanics Liens Work To Get You Paid!Or Articles Here:Why Lien
Common Lien Mistakes
It’s Complicated
Mistake #1center of the world syndrome
Mistake #1center of the world syndromeyou’re probably wrong
Mistake #1center of the world syndrome
“I’ve dealt with liens before, I know the law.” “I’ve filed tons of liens
and never have any problems.”
“I’m going to follow Florida’s rules everywhere because it is the most strict.”
Mistake #1center of the world syndrome
Mechanics lien rumors are not mechanics lien laws.
http://zlien.us/lien-rumors
Lien Deadline Calculation Rules Private Projects
Bond Deadline Calculation Rules State Projects
Notice Requirements Private Projects
Lien Waivers Allowed / Prohibited In Contract
Mistake #1center of the world syndrome
This mistakes results in you missing notice requirements,
filing your lien late, filing without rights, and more.
Mistake #2details, details, details
Mistake #2details, details, details
Used in Lien: A&L Construction Corp. !
Formal Name: A. & L. Construction Corp.
http://zlien.us/lien-name
!22
Mistake #2details, details, details
Georgia mechanics lien notice said “365 days” instead of “395 days.”
http://zlien.us/ga-typo
Mistake #2details, details, details
Waiting until the last minute and forgetting about: — Recorder delay — Unpaid balance states — Murphy’s Law
Mistake #3property descriptions
Mistake #3property descriptions
How you identify the project is really, really important, and most states have heightened requirements.
http://zlien.us/id-property
Mistake #3property descriptions
123 Main Street Seattle, WA 98134
http://zlien.us/id-property
Subdivision: Breatheway Range: 105 Lot: 66 County: King Square: 4-A
Mistake #4your right to lien
http://zlien.us/lien-right-work
Mistake #4your right to lien
Not licensed? !
You may be working for free. Yes, that means you can’t lien either.
Notice Requirements Private Projects
Mistake #4your right to lien
Mistake #5being greedy
http://zlien.us/crazy-fees
Interest, attorney fees, filing fees, penalties, etc. !
You can collect in litigation, but (usually) not in the lien
Mistake #5being greedy
zlien.com/resources
zlien.com/resources
http://zlien.us/greedy-lien
Exaggerated liens are not only invalid, but they could result in sanctions, or, in worse case scenarios, criminal charges.
Mistake #5being greedy
1. You’re probably wrong 2. Details, details, details 3. Legal descriptions 4. Do you have a right? 5. Don’t be greedy
Mistake Review
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