Let’s suppose you hire a contractor to build an addition to your house for $11,284. The written contract says you pay a third at the start, another third midway through the project and the balance ...
Lien rights can be one of a contractor's most important means of securing payment on any private construction project in North Carolina. Under Chapter 44A of the North Carolina Statutes, contractors ...
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What Happens If There Is a Lien on Your Property?
A lien is a creditor’s legal right or claim to your property. The purpose of a lien is to hold a property item — it doesn’t have to be a house — as collateral for a loan or debt. If you don’t pay off ...
I previously posted about the process for requesting the subordination of an IRS lien – that post can be found here. However, as noted in that post, subordination is primarily useful in cases where a ...
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