Remove Bargains Remove Drawings Remove Lien Remove Security
article thumbnail

#123:  Bonding Around a Mechanic's Lien

NH Construction Law

When a general contractor or lower tier subcontractor or supplier records a mechanic’s lien attachment on property, security for the lienor’s hoped-for judgment is achieved – but often something more, and perhaps unintended, is achieved. Draws on a construction loan may halt. Eclipse Construction, Inc. ;

Lien 40
article thumbnail

Commercial Construction Checklist for Reviving Stalled Commercial Projects

HardHatChat

It’s not just foreclosed homes that are looking like a bargain to real estate investors in today’s market, but also distressed commercial assets. I.e., are there any subcontractors that have a lien on the project? Is the building and construction site secure ? Specifically, are the utilities secure?