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Does a Lien Affect Your Credit Score?

Levelset

If you receive a notice that a lien has been filed on your property, you may wonder how it will affect your credit score and your ability to borrow money or get credit. Mechanics liens are different from other collection instruments, so they are treated differently when it comes to reporting on your credit history. What is a lien?

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Be Ready to Lien in 2009 (But be Careful)

Help Everybody Everyday

2009 is likely to be a year in which many construction liens are filed. These economic times will make mechanic’s liens, bonding and other proactive approaches to collection all the more important. However, you need to be careful in filing your liens, especially in Virginia. Kaled Naser, et. CL07-5431 (Va. Kaled Naser, et.

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The First Green Building Litigation. The Rest of the Story.

Green Building Law Update

In January 2007, Southern Builders, the general contractor, commenced a mechanics lien action in the Circuit Court. Southern Builders is instructive because, commenced as a mechanics lien action for failure to pay, this is how many construction disputes, including those that involve matters of green building, reach the courts.

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The First Green Building Litigation. The Rest of the Story.

Green Building Law Update

In January 2007, Southern Builders, the general contractor, commenced a mechanics lien action in the Circuit Court. Southern Builders is instructive because, commenced as a mechanics lien action for failure to pay, this is how many construction disputes, including those that involve matters of green building, reach the courts.

Green 120
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Seven Things to Do When an Owner Doesn’t Pay

Constructonomics

I also know that the school district won’t dissolve all of a sudden or declare bankruptcy. And don’t think you’ll get legal fees in a settlement – it just won’t happen. File a Mechanic’s Lien (if you can). In Pennsylvania, the law states that you cannot file a lien on a purely public entity.

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#130:  Secured Lenders' Rights to Construction Contract Payments

NH Construction Law

It happens this way: A contractor or subcontractor borrows money from a lender, and as security for the loan it gives the lender an assignment of or lien on its receivables and contract rights. Not unless he is prepared to pay twice! Suffolk Construction Co. , 543, 553, 984 N.E.2d

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Transforming Construction Payments: Autodesk's Strategic Move with Payapps Acquisition 

Autodesk Construction Cloud

Late payments and non-payments are, unfortunately, pivotal contributors to declining contractor productivity eventually, in some cases, leading to bankruptcy for many GCs and subcontractors. Industry research supports these sentiments. High compliance risk. Moreover, manual payment processes also increase compliance risk.