Common use of MECHANICS LIEN WARNING Clause in Contracts

MECHANICS LIEN WARNING. Anyone who helps improve your property, but who is not paid, may record what is called a mechanics’ lien on your property. A mechanics’ lien is a claim, like a mortgage or home equity loan, made against your property and recorded with the county recorder. Even if you pay your contractor in full, unpaid subcontractors, suppliers, and laborers who helped to improve your property may record mechanics’ liens and xxx you in court to foreclose the lien. If a court finds the lien is valid, you could be forced to pay twice or have a court officer sell your home to pay the lien. Liens can also affect your credit.

Appears in 4 contracts

Samples: Construction Contract, Installation and Purchase Agreement, Installation and Purchase Agreement

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MECHANICS LIEN WARNING. Anyone who helps improve your property, but who is not paid, may record what is called a mechanics’ mechanic’s lien on your property. A mechanics’ mechanics lien is a claim, claim like a mortgage or home equity loan, made against your property and recorded with the county recorder. Even if you pay your contractor in full, unpaid subcontractors, suppliers, and laborers who helped to improve your property may record mechanics’ mechanic liens and xxx you in court to foreclose the lien. If a court finds the lien lies is valid, you could be forced to pay twice or have a court officer sell your home to pay the lien. Liens can also affect your credit.. To preserve their right to record a lien, each subcontractor and material supplier must provide you with a document called a 20-day

Appears in 2 contracts

Samples: www.gusd.org, www.gusd.org

MECHANICS LIEN WARNING. Anyone who helps improve your property, but who is not paid, may record what is called a mechanics’ mechanic’s lien on your property. A mechanics’ mechanics lien is a claim, claim like a mortgage or home equity loan, made against your property and recorded with the county recorder. Even if you pay your contractor in full, unpaid subcontractors, suppliers, and laborers who helped to improve your property may record mechanics’ mechanic liens and xxx sue you in court to foreclose the lien. If a court finds the lien lies is valid, you could be forced to pay twice or have a court officer sell your home to pay the lien. Liens can also affect your credit.. To preserve their right to record a lien, each subcontractor and material supplier must provide you with a document called a 20-day

Appears in 2 contracts

Samples: www.gusd.org, www.gusd.org

MECHANICS LIEN WARNING. Anyone who helps improve your property, but who is not paid, may record what is called a mechanics’ lien on your property. A mechanics’ lien is a claim, like a mortgage or home equity loan, made against your property and recorded with the county recorder. Even if you pay your contractor in full, unpaid subcontractors, suppliers, and laborers who helped to improve your property may record mechanics’ liens and xxx sue you in court to foreclose the lien. If a court finds the lien is valid, you could be forced to pay twice or have a court officer sell your home to pay the lien. Liens can also affect your credit.

Appears in 1 contract

Samples: Installation and Purchase Agreement

MECHANICS LIEN WARNING. Anyone who helps improve your property, but who is not paid, may record what is called a mechanics’ lien on your property. A mechanics’ lien is a claim, like a mortgage or home equity loan, made against your property and recorded with the county recorder. Even if you pay your contractor in full, unpaid subcontractors, suppliers, and laborers who helped to improve your property may record mechanics’ liens and xxx sue you in court to foreclose the lien. If a court finds the lien is valid, you could be forced to pay twice or have a court officer sell your home to pay the lien. Liens can also affect your credit.. Available from xxx.xxxxxxxxx.xxx

Appears in 1 contract

Samples: Home Improvement Contract

MECHANICS LIEN WARNING. Anyone who helps improve your property, but who is not paid, may record what is called a mechanics’ mechanics lien on your property. A mechanics’ mechanics lien is a claim, like a mortgage or home equity loan, made against your property and recorded with the county recorder. Even if you pay your contractor in full, unpaid subcontractors, suppliers, and laborers who helped to improve your property may record mechanics’ mechanics liens and xxx you in court to foreclose the lien. If a court finds the lien is valid, you could be forced to pay twice Available from xxx.xxxxxxxxx.xxx & or have a court officer sell your home to pay the lien. Liens can also affect your credit.

Appears in 1 contract

Samples: Home Improvement Contract

MECHANICS LIEN WARNING. Anyone who helps improve your property, but who is not paid, may record what is called a mechanics’ mechanics lien on your property. A mechanics’ mechanics lien is a claim, like a mortgage or home equity loan, made against your property and recorded with the county recorder. Even if you pay your contractor in full, unpaid subcontractors, suppliers, and laborers who helped to improve your property may record mechanics’ mechanics liens and xxx sue you in court to foreclose the lien. If a court finds the lien is valid, you could be forced to pay twice or have a court officer sell your home to pay the lien. Liens can also affect your credit.

Appears in 1 contract

Samples: Home Improvement Contract

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MECHANICS LIEN WARNING. Anyone who helps improve your property, property but who is not paid, paid may record what is called a mechanics’ lien on your property. A mechanics’ lien is a claim, like a mortgage or home equity loan, made against your property and recorded with the county recorder. Even if you pay your contractor in full, unpaid subcontractors, suppliers, and laborers who helped to improve your property may record mechanics’ liens and xxx sue you in court to foreclose the lien. If a court finds the lien is valid, you could be forced to pay twice or have a court officer sell your home to pay the lien. Liens can also affect your credit.. To preserve their right to record a

Appears in 1 contract

Samples: Alley Cat Terms & Agreement

MECHANICS LIEN WARNING. Anyone who helps improve your property, but who is not paid, may record what is called a mechanics’ mechanics lien on your property. A mechanics’ mechanics lien is a claim, like a mortgage or home equity loan, made against your property and recorded with the county recorder. Even if you pay your contractor in full, unpaid subcontractors, suppliers, and laborers who helped to improve your property may record mechanics’ mechanics liens and xxx sue you in court to foreclose the lien. If a court finds the lien is valid, you could be forced to pay twice or have a court officer sell your home to pay the lien. Liens can also affect your credit.. Available from xxx.xxxxxxxxx.xxx &

Appears in 1 contract

Samples: Home Improvement Contract

MECHANICS LIEN WARNING. Anyone who helps improve your property, but who is not paid, may record what is called a mechanics’ mechanic’s lien on your property. A mechanics’ mechanic’s lien is a claim, like a mortgage or home equity loan, made against your property and recorded with the county recorder. Even if you pay your contractor in full, unpaid subcontractors, suppliers, and laborers who helped to improve your property may record mechanics' liens and xxx you in court to foreclose the lien. If a court finds the lien is valid, you could be forced to pay twice or have a court officer sell your home to pay the lien. Liens can also affect your credit.

Appears in 1 contract

Samples: Home Improvement Contract

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