Mechanics Liens

[ File A Mechanics Lien By Fax | [ File A Mechanics Lien Online ]

The best and most affordable solution to secure your accounts receivables on construction projects is the Mechanics Lien. We assist Contractors and Subcontractors alike in protecting and collecting their funds.

Here in the world of Liens, we call it the PPC process, or in laymans terms, Protecting, Perfecting, and Collecting.

The Credit Crunch
As we all know, the industry and economy is suffering through a severe credit crunch. The credit crunch that has made it harder for property owners and developers to pay contractors has led to a near-doubling of the number of mechanic's liens filed in New York City.

Did you know that the total of mechanic's liens filed in New York City has increased from an average of 394 per month in 2006 to an average of about 769 over the past three months for construction projects in the five boroughs?

Turning to the Mechanics Lien?
So the the question is "Why is it that so many Contractors have turned to the Mechanics Lien?" The answer is a simple one. Mechanic's liens are filed by contractors to publicly establish their claim of payment if they have not been paid or have not been paid in full. The action, filed with the county clerk's offices, records the claim on the property.

Why Is Mechanics Lien Effective?
You see, the Mechanics Lien makes it more difficult for the owner to sell his real estate, or to refinance the loan on his property, because the Mechanics Liens MUST be paid. It is considered a defect to title and therefore must be removed, in order for the owner to move forward with his real estate or financial transaction. Furthermore, most mortgages contain provisions that liens must be removed within 30 or 60 days or the lender can consider the loan in default, real estate attorneys said. Therefore, the lien generally enables you, as the creditor, to put pressure on the owner/developer.

File By Fax or Online
We make it easy for you to protect your accounts receivables. All you need to do is fill out our Mechanics Lien Questionairre, available online for your convenience, or you can download the .PDF version and fax it in to our Liens Department. Don't worry if you don't have all of the necessary information at this time. We will work with you to complete the Questionairre and to get your Mechanics Lien filed as quickly as possible.

What Does It Cost to File A Mechanics Lien?
It is quite affordable to file a Mechanics Lien to protect your account receivables. Here is the breakdown the of costs associated with filing a Mechanics Lien:

Preparation Fee	$225.00
Service Of Process Fee	$125.00
County Filing	$35.00
Total	$385.00

[ File A Mechanics Lien By Fax | [ File A Mechanics Lien Online ]