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Lien questions

ColoradoMechanics Lien

Hi! If a homeowner isn’t plannig to sell or refinance their home why should they care if a lien is out on their house?

5 replies

Aug 23, 2019
Property owners should typically be pretty wary of liens filed against their property, particularly where the deadline to enforce the filed mechanics lien has not passed. When a mechanics lien is filed, that lien stakes a claim in the property title and, if it's not resolved, the mechanics lien claimant may be entitled to enforce their lien claim. Consequently, that owner would then have to deal with a lawsuit rather than just a mechanics lien. And, if that dispute weren't resolved, the owner could even face a potential foreclosure of their property. While it may pale in comparison to the potential of a foreclosure, note that a mechanics lien claim could also adversely affect the owner's credit, too. For a thorough rundown of different ways a mechanics lien might lead to payment, which might shed some insight here, here's a good resource: How Do Mechanics Liens Work? 17 Ways a Lien Gets You Paid.
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Nov 11, 2020
Can the State of Nevada put a lien on my car that I own
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