Mechanics Lien 2 | Pdf Fpdf Doc Docx | Business Forms

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Mechanics Lien 2 | Pdf Fpdf Doc Docx | Business Forms

Mechanics Lien 2

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Description

MECHANIC'S LIEN. When a mechanic's lien is recorded in the office of the County Recorder of the country in which the job is located, it creates a ''cloud'' on the title. This means that any person seaching the title will discover the claim of lien and generally will not purchase, refinance, or accept the property as security for a debt without having the owner ''clear up'' the title. The simplest way to clear up the title is for the lien claimant to sign and record a release of his claim. This is generally done after payment of the claim. REMEMBER, mere satisfaction of the claim does not remove a recorded claim of lien from the official records of the county. A formal document, such as Form 109, must be recorded to become part of the official records. www.FormsWorkflow.com

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