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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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Pain Free Lien Waivers For Contractors, Lenders And Title Companies

Contractor Bookkeeping

Today's Guest Article Is From The Team At lienwaivers.io. Podcast, and were very generous with their time and provided some extremely valuable insights for how you can streamline your lien waiver process. The article below is a recap of how it all works.

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Missed Your Lien Deadline – What Now?

Construction Law Monitor

True: deadlines dictate when it comes to securing your lien rights. In the construction world, there is no doubt that the deadlines for securing your lien rights are rigid and unforgiving. If you have not filed your lien by the applicable date, you have relinquished that right permanently. The “Back Door Lien”.

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Preliminary Notice and Mechanics Lien Compliance: How?

Construction Law Monitor

Offsetting these complexities are state laws that provide subcontractors and suppliers with “mechanics lien” rights. These rights have existed in the United States since Thomas Jefferson introduced the first lien legislation more than 220 years ago. 1) Dedicate Your Company To Mechanics Lien Compliance.

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New Article: The Importance of Regular Invoicing

Construction Lawyer

James Zahn and Shawn Goodman have authored an article for Licensed Architect entilted The Importance of Regular Invoicing. This article, at page 10 of the Summer 2014 edition, discusses a case where the lack of regular invoicing for a construction project had a major impact on the outcome of the case.

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California Lien Law In For A Change…

Construction Law Monitor

Over the past few years the California Legislature has been tinkering with its construction lien laws, both public an private. Jones Day did a very comprehensive article back in January of this year outlining the changes. ” See the full article here. ” See the full article here.

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