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 venkatesh1011
Joined: 09 Aug 2007
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 Posted: Thu Oct 25, 2007 5:26 am Post subject: What is the validity of a mechanic lien in the state of NY? |
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| What is the validity of a mechanic lien in the state of NY? |
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livinginnky
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Joined: 08 Sep 2007
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| Posted: Thu Oct 25, 2007 12:26 pm Post subject: |
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It is valid if work was done by a contractor that improved the value of the property. So if work was done (I don't believe it has to be completed but I am not an attorney) a contractor can and will put a mechanics lien against a property.
Hope this helps answer your question. Let me know if you have any additional questions or information to add.
_________________
Eric Matthews
Mortgage Refinance and Home Loan Guide |
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Michel
Guest
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| Posted: Fri Oct 26, 2007 12:51 am Post subject: |
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Hi,
I think the validity of the mechanic's lien depends on the status of accounts between the debtor and the contractor.
In NY you have a 'defense of payment'. In this the contractor needs to make payment for the project only once and if he can show full payment, he can file a defense to any mechanic's lien. |
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livinginnky
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Joined: 08 Sep 2007
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| Posted: Fri Oct 26, 2007 8:52 am Post subject: |
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You can always dispute any charges brought on by a creditor.
That doesn't change the validity of the mechanics lien though. If it is there it is valid until you prove it wrong. |
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