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What is the validity of a mechanic lien in the state of NY?

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Icon Mini Profile venkatesh1011



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PostPosted: Thu Oct 25, 2007 5:26 am    Post subject: What is the validity of a mechanic lien in the state of NY?

What is the validity of a mechanic lien in the state of NY?
 
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Icon Mini Profile livinginnky
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PostPosted: Thu Oct 25, 2007 12:26 pm    Post subject:

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.

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Michel

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PostPosted: Fri Oct 26, 2007 12:51 am    Post subject:

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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Icon Mini Profile livinginnky
livinginnky
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PostPosted: Fri Oct 26, 2007 8:52 am    Post subject:

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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