How Can Builders Lien Help You?

1. How Can Builders Lien Help You? The builders lien is a powerful tool that gives certain people rights to claim to demand the money for their hard work and raw materials. The people who can file builder’s lien are material suppliers, contractors, sub-contractors and laborers. The can file the builders lien if they haven’t been paid for, by the builder. The bottom level laborers and contractors often exploited by them. However, this kind of right is not available at common law, where the remedy is lawsuit only. The unique thing about builder’s lien is that the land could be freeze until the debt is paid and until money is paid "in trust" until the dispute is resolved. It is a self-defense weapon but a legal one for the people who are not paid for their hard work.

2. Here are the people who can file a builders lien: 1. Performs or provides work or 2. Supplies material or 3. Does both 1 and 2 If the work is completed and certification is issued with respect to contractors and sub-contractors, you need to file the lien within 45 days i.e. a month and a half and you must not be late. In the case of head contact too, you must file a lien after the head contract has been completed (or abandoned). If you are in doubt, just file the lien, because once the 45days are over, a lien is extinguished and you will not be able to do anything about it. The filing of builders lien is quite easy and simple. A form needs to be filled and taken to the Land Title Office for registration. Most law firms can also file builders liens from their computers online like ICON Debt Solutions. ICON Debt Solutions Inc. is the Debt Collection Agency. The cost to file a builders lien is relatively inexpensive, about $250. Once the 45-day period for filing a builders lien has expired, the holdback funds are then released. So, file a builders lien and fight for your right.