RESIDENTIAL LIEN

RESIDENTIAL LIEN

If your company provided work, labor or materials to a residential single-family home or single condominium apartment, you can file a mechanic’s lien on the project. A mechanic’s lien attaches the amount that your company is owed to the title of property where the project is located and secures your ability to obtain payment on the project. As a result, the owner is prevented from selling, transferring title or refinancing the mortgage without first satisfying or discharging the mechanic’s lien that you have filed. Be aware that mechanic’s liens are time sensitive, especially with respect to residential projects. A mechanic’s lien on a residential property must be filed within 120 days of the last day that your company provided work, labor or materials to the project. If your company has not been paid on a residential project, rely on NY Lien Masters to prepare and file your mechanic’s lien.