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Does a Lien Affect Your Credit Score?

Levelset

If you receive a notice that a lien has been filed on your property, you may wonder how it will affect your credit score and your ability to borrow money or get credit. Mechanics liens are different from other collection instruments, so they are treated differently when it comes to reporting on your credit history. What is a lien?

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Can Restoration & Remediation Contractors File a Mechanics Lien?

Levelset

The variety of services they provide can create a lot of confusion around their right to file a mechanics lien if they don’t get paid. In an attempt to make things clearer, let’s look at what type of work restoration and remediation contractors can file a lien for — and what type of work is less likely to be protected.

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Want to Walk Off a Construction Job? Do These Things First

Construction Junkie

In a recent post from The Lien Zone, a great source for construction law related advice, Patrick Barthet offers some steps to take before calling it quits. The article, titled “Think Twice Before Walking Off a Job,” offers four steps to take before taking drastic steps.

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3 Legal Concepts That Are Counter-Intuitive…and Dangerous

Construction Law Monitor

Sometimes the best blog posts and legal articles are the simplest. Take, for example, a post from early October by Joshua Glazov on his Construction Law Today blog , where he simply cites a 1941 quote from US Supreme Court Justice Robert Jackson : The legal profession, like many another, tends to become over-professionalized.

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Assignment of Benefits for Contractors: Pros & Cons of Accepting an AOB

Levelset

In this article, we’ll explain what an assignment of benefits is, and how the process works. If the insurance company is dragging their feet, a restoration contractor can still likely file a mechanics lien on the property. AOBs and mechanics liens. Many types of restoration services are protected under lien laws in most states.

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How to Get Paid on New York Public Projects

Levelset

Generally, companies aren’t able to file mechanics liens on public projects unlike with private projects, as the federal government — and many states — prohibit private entities from claiming an interest in public property. 181 articles. On-demand legal help you can afford. Payment protection on New York public projects.

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#130:  Secured Lenders' Rights to Construction Contract Payments

NH Construction Law

It happens this way: A contractor or subcontractor borrows money from a lender, and as security for the loan it gives the lender an assignment of or lien on its receivables and contract rights. Not unless he is prepared to pay twice! Suffolk Construction Co. , 543, 553, 984 N.E.2d