Wednesday, April 20, 2016

Crucial Stages Of New York Lien Search

By Charles Cox


Lien is a single page document containing details of the debtor, property owner, and creditor. It is used as a means of securing the debts that another person owes you. They are important when the contractor is working for a person he or she does not trust. The contractor is given rights over the property until the arrears are cleared completely. The filing process requires to be handled with care since wrong approach can results in disastrous court battles. New York Lien search is an important decision that requires to be pursued with utmost care.

Before beginning a project notify the owner of your intention to file a lien in case debts are not settled. Cities such as Albany, NY provide the contractors with forms that they can use for formal notification. The payment plan should be put into writing when an out of court settlement is considered. The lawyer should be present during the signing of agreement to eliminate instances of termination. Another method of resolving the conflict is hiring a mediator, and the conflicting parties cost sharing in his or her payment.

To strengthen the claim, preliminary notice should be issued before the work commences. There is need to design a program that has to be followed. This eliminates instances of expiring. The period given for a mechanic to file the claim ranges from one state to another. The city Albany, NY has a deadline of a month. The short period of deadline may result in unavailability of time to adopt other modes of resolution.

Thorough researching is vital. The online platform can be used to confirm the ownership status of a property. This is achievable through the land website operated by the local government in the city Albany, NY. Confirmation of whether the titleholder has genuine title deed can be achieved by visiting the land department offices. This visit can be capitalized and legal description acquired. Seeking consultation from an experienced attorney in case there are other creditors who already hold rights over the property are important. The court prioritizes legal documentations that are filled earlier.

Lien is one page document that consists of details about the creditor, the property, and the debtors. Different states require additional certificates to be filed. Clerk offices located in the city Albany, NY assist contractors who are searching for the legal document. Some states request additional documents such as notices and affidavit.

After acquiring the documentation, the next step should be filing it with the relevant office. The court clerk and office of the property recorders accepts the document. It is good to note that there is a filing fee. Delivering the document in person is the most appropriate method when compared to mailing it.

To be on a safe side the mechanics should notify all the concerned parties. The number of people to be notified includes the lien holders and property owners. Mostly the project owner will arrange a payment immediately he or she is served with a notification.

In the event of the project owner delaying to pay, suing should be the next course of action. Delays can result in expiry especially after 90 days. The owner has a right to file a petition demanding the rights to his or her property upon expiration of the documentation.




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