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Can you help us lien this property?

Our investor group has a UCC Financing Statement, Security Agreement, Bill of Sale and Promissory Note signed by all parties and by notary Shannan Collier Stalvey and recorded with Fayette County Georgia Sheila Studdard Clerk, filed on April 1, 2019. The debtor company holding the purchase and sale agreement with equity around $400,000.00 is in default and likely will be purchased . The debtor company has a Commercial Purchase and Sale Agreement into which the investor group's funds were provided to secure the contract to acquire property. The total investment is $165,000, less 7 months of payments. Others are slapping mechanics liens on the property valued around $1,000.000.00. Can our group lien the property to recover the investment? Is this something you can help us do? Please advise. A closing is scheduled for 3/27/20. Thank you.

7 replies

Mar 19, 2020

Mechanics liens will only be available to those who have provided labor or materials for the permanent improvement of the project property. So, construction businesses working at that project site will often be entitled to file a lien if they go unpaid for their work. However, other services - like investing in the project or being in business with the property owner - won't give rise to lien rights. So, pursuing the debt some other way would likely be more appropriate. Levelset assists users in filing mechanics lien claims when they go unpaid for their work, and the platform isn't set up to assist with other types of claims. But, consulting with a local Georgia construction attorney should provide clarity on what options may be available. Plus they'll have the opportunity to review your project documents to advise on how best to move forward under your particular circumstances.

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Nov 12, 2022

Thanks for your information. I will try to figure it out for more.

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Nov 12, 2022

I appreciate the information and advice you have shared. I will try to figure it out for more.
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Nov 15, 2022

Thanks for the update and quick reply. I'll be sure to keep an eye on this thread.

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