I have a couple of liens already filed in the county clerk's offices in Texas. They have been just sitting there with no changes made to the properties. My health is declining and there is a possibility that I may pass away before these liens are paid. I would like to know if there is a organization or induvial person that would be interested in buying these liens from me and they collect from the property owners when the time is presented. ? I realize I would be selling the liens for less than the amount the liens are to be getting when they are paid.
You should retain a construction attorney to evaluate your legal situation and to provide advice.
The deadline for filing suit to enforce a mechanic's lien depends on the nature of the project (commercial or residential) and could be two years (commercial) or 1 year (residential). The right to pursue collection on an account receivable coupled with a security interest (the mechanic's lien) can be sold and assigned.
Good luck.