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 few or have money out on the street in some other way, you must know how to best protect your rights. For that reason, understanding New York mechanic’s liens and their influence in helping you receive payment is a must. Continue reading “New York Mechanic’s Liens – an Influential Process”
Read more...Category: Mechanics Liens
FFGN will use mechanics liens as leverage for monies owed to creditors.
Can You Be Forced To Foreclose On Your Mechanic’s Lien?
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 … Continue reading
Read more...Can You Get Paid Without Foreclosing on Your New York Mechanics Lien?
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 relates to monies owed for goods supplied or work done on the underlying property.
You thought the only chance to get paid was to enforce your rights as it relates to the underlying property. Placing the lien didn’t get the attention you had hoped and enforcement of a lien is not always practical.
For one or more reasons, you have decided not to foreclose on your New York Mechanics Lien.
Are you now forced to abandon any hopes of getting paid on the receivable or can you get paid without foreclosing on your New York Mechanic’s lien? Continue reading “Can You Get Paid Without Foreclosing on Your New York Mechanics Lien?”
Read more...Fortify Your Collection Policy with Technology
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 Continue reading “Fortify Your Collection Policy with Technology”
Read more...