Mechanics & Materialmens Liens
Have you been paid for the material you sold to improve real property? The legal rights of a lien claimant in the construction industry includes a breach of contract remedy as well as the extraordinary remedies provided by the mechanics liens laws. The legal rights of a lien claimant can include a claim of lien upon the real property improved and the funds due to the parties involved with the construction. While the contractual claim is generally a well-known claim among most credit professional, the mechanics lien remedy can be complex and often ignored or misunderstood. Frequent failure to assert valid claims by those otherwise entitled to do so and the unnecessary cost of needless litigation is generally the result of a lack of knowledge about the applicable lien law.