What Is A Mechanic’s Lien And How Can It Monkey Wrench Your Real Estate Deal?

The legal definition of mechanic’s lien is a security interest in the title to property for the benefit of those who have supplied labor or materials that improve the property. The lien exists for both real property and personal property. In layman’s terms, a mechanic’s lien means that at some point in the past an individual or company performed work on the house (paint, roof, etc.) but was never paid, so they filed a lien with the courts that attached to the property so they would have to be paid before the property could be sold. Mechanic’s liens have thrown a monkey wrench into many deals. Here’s the 411 on mechanic’s liens and how to avoid getting tripped up by one.

Author: Tim Knox

Tim Knox is often compared to a bull in a china shop. No matter what he does, he charges in full speed ahead and gives it his all. Sometimes his disruption and innovation turns an industry on its ear, but with a focus on serving the customer first and the old guard competition be damned, Tim’s clients always win in the end. And they love him for it. As a serial entrepreneur Tim started and multiple seven figure businesses. As a small business expert and startup coach he has worked with over 10,000 students. He is also a bestselling author, corporate speaker, social media expert, and avid animal rights activist. Tim likes dogs better than most people because dogs are usually smarter.

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