A lien is a legal right to collect on the property or asset that is owed to a creditor. This right is granted by a court or a tax authority. These liens can be placed on real estate, bank accounts, or any other property. Some liens are voluntary, but others are involuntary. Liens can also be established by a legal judgment or by agreement. For a lien to be effective, it must be recorded. This means that the document must be sent to the parties involved and it should be recorded in the public record. There are several ways to do this, including sending a notice to the owner by registered mail, or by sending the documents directly to the owner and his agent. You can also send the document by certified mail with a return receipt requested. However, it is important to note that a lien cannot be recorded unless the claimant personally serves each owner with the documents. If you are filing a lien for the first time, it is advisable to use a lien service. The company will verify the information and help you complete the process. They can also advise you on how to protect your lien rights. Lien services provide nationwide service. However, they are more expensive than local companies. Local companies often understand the market in your area better and can save you money. In addition, they can offer you direct connections to the clerks who file liens in your county. Learn more mechanic's lien, view here. Using a national lien service can make the process more convenient, especially if you are a large company working on projects in multiple states. Find out for further details right here https://crmlsi.com/. If you are using a lien service, you will receive a copy of the lien document after the service is completed. You will then need to serve this document on the owners of the property and the general contractor. If you do not do this, the lien will be invalid. It is advisable to keep copies of the lien documents sent. Some lien services, such as LienItNow, offer do-it-yourself (DIY) services. Other services, such as Titan Lien, offer full-service options. You can also hire an attorney to handle the process. Many of these companies offer volume discounts. There are hundreds of lien services available, so choose the one that suits your needs the best. When choosing a service, look at the number of reviews they have. Some of the top providers have more reviews than others, but not every service offers the same amount of review. Another important consideration is whether or not the service charges an extra fee for rush service. One option is to use a lien service that has its headquarters in New Jersey. This company is founded by three construction attorneys in the state. Although their website lacks transparency when it comes to pricing, it does offer free document review and a lien drafting service. In New York, a lien claimant must serve a copy of the lien on each owner, the general contractor, and the contractor. The service can be either certified mail or regular mail, but there is a statutory deadline for service of the lien. Take a look at this link https://en.wikipedia.org/wiki/Mechanic%27s_lien for more information.
