Filing a mechanic’s lien may not be enough to get paid. While it works as a lien on the real property you improved, if not voluntarily paid, you will have to make a decision regarding what to do next. The lien itself can not secure payment for monies owed. Here
New York mechanic’s liens are truly influential. Why is that important to you? New York’s real estate boom has been a tremendous catalyst for growth. And, points of pain may be associated with that growth. For instance, if you’re someone who has extended credit to fund one project or a
The owner and/or the general contractor have not paid you. So, you filed a mechanic’s lien against the property. You were hoping that filing the lien would force payment. It did not. You received service of a Notice that requires you to foreclose on your lien. Can your non-paying customer
Because you supplied goods or worked on property in New York and didn’t get paid, you were able to take advantage of New York’s lien law and file a mechanics lien. By doing so you were able to put the world on notice that you have a claim as it
Fortify your collection policy with technology to maximize the policy’s impact to see more money in your pocket. Your collection policy sets forth all of the steps from sale through invoicing and collection efforts. Included are checks and balances to support the efforts including documents, calendared dates for
Contractors who service or provide goods to New York real estate possess an advantage over other unsecured creditors in New York. They may be able to lien real property without filing suit and without the owner’s permission. This New York collection attorney wants you to utilize all tools to collect any monies
Should I file a lien? Yes! A lien provides an interest in debtor’s assets. Several types of liens exist, all of which offer creditors additional tools or remedies that may be utilized to force payment. Security interests may be obtained before, during and after the transaction and vary depending upon