A Chicago Mechanics Lien Act details a hold procedures against a homeowner's property by contractors, subcontractors and suppliers. If the laborers are not paid, it can result in a foreclosure action, forcing the sale of property or even prevent the refinancing until the lien is satisfied. Applying mechanic's lien laws seems obvious, but case law has dissected and analyzed this tothe point that mechanics' liens are often misunderstood. For more information on how to file mechanics lien in Chicago, contact us at Contractor's Lien Advisors today.
A Mechanic's Lien assists construction vendors in collecting payments on unpaid invoices. The unpaid invoices for services or materials rendered on private property jobs where improvements were made are eligible. If a general contractor completes an addition on a house and the owner of the house does not return his phone call or pay the bill, the contractor may be eligible for a Mechanics Lien. On that same job, the company who provided the cement and was not paid can submit a mechanics lien. The contractor who worked on a 1099 for one day to help sand drywall and was not paid can submit a Mechanics Lien. If a contractor was not paid and does not apply for this Lien, the contractor may never receive the money. On any job where the private property owner does not pay vendors for improvements made with materials, services, or equipment, any of those vendors can get a lien.