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How to Use a Lien Service to File a Lien

 

Lien services are an efficient and cost effective way to file a lien on a property. Liens may be filed by a creditor, tax authority, or a court. A lien gives the creditor legal rights to sell the property if it is not paid. There are hundreds of options available to help you file a lien. However, the information you provide when filing a lien will determine whether the lien is valid. It is important to ensure that the data provided is accurate. Failure to do so could result in a lien being invalid. You can get more information here. 

 

There are several different types of liens, including general, banker, and statutory liens. These are based on state law and are common in taxation. You can read more  about  mechanic's lien here. 


 

To file a lien on a property, you need to serve a copy of the notice to each of the owners of the property. You must also send a copy of the lien to the general contractor. The lien claimant must prepare a proof of service affidavit. This affidavit must state that service was made by certified mail.

 

Banker liens are different from other liens in that they are only enforceable against the securities that the banker has pledged. This includes cash, bill of exchange, and instruments. Other securities such as safe deposit lockers are not enforceable under banker liens. Also, a banker's lien does not apply to a security that is held for a specific purpose, such as in a retirement account.

 

Whether you choose a national or local service to file your lien, there are certain things you will need to know. Each state has a different procedure for filing a lien. Moreover, a lien must be served and recorded within a specified time frame. For example, in New York, a lien notice must be served on the owner within five days of filing the lien. Similarly, a copy of the lien must be served on the contractor and subcontractor. Please view this site https://www.findlaw.com/realestate/owning-a-home/understanding-mechanic-s-liens.html for further  details. 

 

LienItNow, a construction lien filing service, was founded by three construction attorneys in New Jersey. The company provides a DIY option for individuals and contractors who don't need to hire an attorney. Besides filing a lien, they offer free review and drafting of the document. But the company's website is not very clear on the pricing structure and there is no clear explanation on how to pay for their service.

 

Another lien filing service, LienGuard, was founded by a former attorney. They provide lien services to clients in all fifty states. The company has been in business for over 40 years and has five Google reviews. In addition to serving all fifty states, they have an average turnaround time of seven business days for liens.

 

If you have multiple projects in different states, you might want to consider a national lien service. Such a service will save you time and money since you don't need to hire an attorney to file a lien for each project. Many companies offer cloud computing or other forms of cloud computing, which allow for easy access to the data needed to file a lien.