Mechanics lien – An important tool to get your money paid in the real estate market

A mechanics lien is an important lien in the real estate industry, the purpose of which is to obtain payment for the services rendered or the goods supplied in connection to the improvement of real estate. The lien allows contractors, sub contractors, labourers and vendors recover the cost of improvements made to a property through a foreclosure sale. Remember, the liens can be asserted only on private construction projects. They are not available on public construction jobs. Time is everything for those who are seeking a quick result. A contractor or a material provider seeking payment should satisfy the timing requirements. One minor mistake can leave you without getting any payment.

A mechanics lien in Massachusettshas been in existence since the 1800s, but it was significantly revamped in 1997. The revised lien grants statutory rights to parties who are involved in the repair or removal of a building, structure or other improvements. The parties who are providing building materials, rental equipment, appliance or more but not received payment for the same can take help of this lien. There is a right procedure for applying it. In Massachusetts, an individual claiming the lien should record should record a statement in the given timeframe. The notice of the contract should not be recorded later than 60 days of recording a notice of completion. Also, it should not be recorded 90 days after filing a notice of termination or 120 days after the contractor, sub contractor or the vendor that last supplied labor or materials.

If you are a contractor, sub contractor or a vendor who has some payment issues on some private construction projects in Massachusetts, you should consult a lawyer to understand mechanics lien in Massachusetts and to help you evaluate all the challenges down the road. Whether you have a little bit of knowledge or are completely unaware of this line, a debt collection lawyer in this field can help you in the best possible way. From beginning till end, they will devise plans and work on them to help you get payments for the goods and services offered by you. It is not that difficult to find an attorney who has experience in this field. You can easily find any of them on the Internet. Most of them have an interactive website loaded with a lot of useful information for the users. Visit at least 6 to 7 websites before making the final decision.

At the Law Offices of Alan M. Cohen LLC, we aggressively approach commercial debt collection in Massachusetts. With more than 30 years of experience, we take whatever legal steps are necessary to collect for you as much of your delinquent account as