Credit Meltdown Squeezing Contractors – Lien To Protect Your Rights

Credit Meltdown Squeezing Contractors – Lien To Protect Your Rights

On October 2, 2008 Author By Scott Wolfe Jr
The Associated General Contractors organization just published an article titled “Credit Meltdown Market Squeezes Contractors,” reporting how the recent economic problems in the U.S. are greatly effecting those in the construction industry.The article discusses the upheaval on Wall Street, and how its stopping construction projects all over the country. You can read the article at the AGC website at this address: http://tinyurl.com/534o4h

Now more than ever contractors should consider the benefits of a construction or mechanics lien.

As soon as the construction project comes to a halt or payment is late, contractors, subcontractors and suppliers should rush to file its construction / mechanics lien to protect its interest in the property. Construction liens are available in virtually every state, and works to transform the project job site as a sort of “collateral” to the contractor for its payment.

The time available to file a construction lien is not indefinite, and the legal requirements should be followed to the letter. However, when filed correctly, a construction lien can help your company recover payment for its project.

To learn more about construction liens in Washington and Louisiana, read articles here at the Construction Law Monitor.  You can also find great information over on the Construction Lien Blog.

Wolfe Law Group files construction liens in Washington and Louisiana for $675.00.

Zlien, Inc., a lien filing and document preparation service, files construction liens all across the country for $295.00 each. The service includes preparation and filing of the lien, storage of the documents on its secure servers, and sending copies of the filings to all interested parties. Zlien also files lien cancellations, notices of intent to lien, and preliminary notices.

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