7/25/2019 Definition Of Mechanic's Lien

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LIEN and MECHANIC LIEN

DEFINITIONS

Lien

Definition

A legal claim against the property of another as security for the payment of debt. A lien gives the lien

holderthe right to sell the property to satisfy the debt if it is not otherwise paid. On the other hand, a

lien is removed when a contract is paid.

1. lien/l()n/Noun:A right to keep property belonging to another person until a debt is paid.

Web definitions

o A mechanic's lien is a security interest in the title to property

for the benefit of those who have supplied labor or materialsthat improve the property. he lien e!ists for both realproperty and personal property. ...

en.wikipedia.org"wiki"#echanics$lien

o A lien on property %such as a building or an invoice& given tosecure compensation to contractors and other workersinvolved in construction or other property improvement, Amechanics lien usually takes first precedence in the event ofother liens on the same property.

www.fastupfront.com"businessfinanceglossary.html

o A lien allowed by statute to contractors and laborers on

buildings or other structures upon which work has beenperformed or material supplies, but for which payment has notbeen received. ...

www.vba.va.gov"ro"central"stpau"(eterans"#ortgage)*+efiniti-

o he legal enforceable claim which a person who has

performed work or provided materials is permitted to makeagainst title to the property or as a preferential person in theevent the estate or business is liuidated.

www.geodiswilson.com"en"/lobal$tools"0ogistics$ictionary"#-

http://www.google.com/url?url=http://en.wikipedia.org/wiki/Mechanics_lien&rct=j&sa=X&ei=XR7vTcOrOcWu8gOYhOgc&ved=0CCoQngkwAA&q=Mechanics+lien&usg=AFQjCNHzXRGqzz2PaRmbkPYUcH9PbJ5mUAhttp://www.google.com/url?url=http://www.fastupfront.com/business-finance-glossary.html&rct=j&sa=X&ei=XR7vTcOrOcWu8gOYhOgc&ved=0CCwQngkwAA&q=Mechanics+lien&usg=AFQjCNHLg9NTl8jBKblk1XKnHCYQeFzIOAhttp://www.google.com/url?url=http://www.vba.va.gov/ro/central/stpau/Veterans/Mortgage%2520Definitions.html&rct=j&sa=X&ei=XR7vTcOrOcWu8gOYhOgc&ved=0CC4QngkwAA&q=Mechanics+lien&usg=AFQjCNHo3M9q9tm6W4JEve_4UcAneGOhYAhttp://www.google.com/url?url=http://www.geodiswilson.com/en/Global_tools/Logistics_Dictionary/M2/&rct=j&sa=X&ei=XR7vTcOrOcWu8gOYhOgc&ved=0CDAQngkwAA&q=Mechanics+lien&usg=AFQjCNHrnw4qySXPb9QsVTKnWiA02Hjymghttp://www.google.com/url?url=http://www.fastupfront.com/business-finance-glossary.html&rct=j&sa=X&ei=XR7vTcOrOcWu8gOYhOgc&ved=0CCwQngkwAA&q=Mechanics+lien&usg=AFQjCNHLg9NTl8jBKblk1XKnHCYQeFzIOAhttp://www.google.com/url?url=http://www.vba.va.gov/ro/central/stpau/Veterans/Mortgage%2520Definitions.html&rct=j&sa=X&ei=XR7vTcOrOcWu8gOYhOgc&ved=0CC4QngkwAA&q=Mechanics+lien&usg=AFQjCNHo3M9q9tm6W4JEve_4UcAneGOhYAhttp://www.google.com/url?url=http://www.geodiswilson.com/en/Global_tools/Logistics_Dictionary/M2/&rct=j&sa=X&ei=XR7vTcOrOcWu8gOYhOgc&ved=0CDAQngkwAA&q=Mechanics+lien&usg=AFQjCNHrnw4qySXPb9QsVTKnWiA02Hjymghttp://www.google.com/url?url=http://en.wikipedia.org/wiki/Mechanics_lien&rct=j&sa=X&ei=XR7vTcOrOcWu8gOYhOgc&ved=0CCoQngkwAA&q=Mechanics+lien&usg=AFQjCNHzXRGqzz2PaRmbkPYUcH9PbJ5mUA

7/25/2019 Definition Of Mechanic's Lien

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o A statutory lien to secure payment to materialmen and

mechanics for materials and services used to repair, improve,or maintain real property.

trueblueauctions.com"eal$2state$erms.html

o A lien created by statute for the purpose of securing priority ofpayment for the price or value of work performed andmaterials furnished in construction or repair of improvementsto land, and which attaches to the land as well as theimprovements. ...

mobile.crossroadstitle.com"glossary.htm

o A lien right e!isting in favor of builders, mechanics, suppliers,

or other persons who have supplied materials or performedwork in connection with the construction or repair of a buildingor other improvement. ...

key*yourhome.net"inde!.cfm"page"34564"parent"7+147"eal$2-

o A lien created to secure the money owed for labor and

furnished for uncompensated improvement made to aproperty.

www.dallasforeclosureattorney.com"foreclosureterms"

o he right of an unpaid contractor or subcontractor to file a lien

against property to recover the amount due to him"her.www.8onespropertygroup.com"/lossary.html

http://www.google.com/url?url=http://trueblueauctions.com/Real_Estate_Terms.html&rct=j&sa=X&ei=XR7vTcOrOcWu8gOYhOgc&ved=0CDIQngkwAA&q=Mechanics+lien&usg=AFQjCNGVcZipHjMGtNzUcoWHeQV2Qxaroghttp://www.google.com/url?url=http://mobile.crossroadstitle.com/glossary.htm&rct=j&sa=X&ei=XR7vTcOrOcWu8gOYhOgc&ved=0CDQQngkwAA&q=Mechanics+lien&usg=AFQjCNFDTrLq8L4vyfvMQT_LkfHPgNqqbghttp://www.google.com/url?url=http://key2yourhome.net/index.cfm/page/67437/parent/50175/Real_Estate_Terms_and_Definitions.html&rct=j&sa=X&ei=XR7vTcOrOcWu8gOYhOgc&ved=0CDYQngkwAA&q=Mechanics+lien&usg=AFQjCNF_jmvnj7EQMiLBZmPo9vSzSF1gdghttp://www.google.com/url?url=http://www.dallasforeclosureattorney.com/foreclosure-terms/&rct=j&sa=X&ei=XR7vTcOrOcWu8gOYhOgc&ved=0CDgQngkwAA&q=Mechanics+lien&usg=AFQjCNEvaemPvWerff2lBx_nS_KvV5HHqwhttp://www.google.com/url?url=http://www.jonespropertygroup.com/Glossary.html&rct=j&sa=X&ei=XR7vTcOrOcWu8gOYhOgc&ved=0CDoQngkwAA&q=Mechanics+lien&usg=AFQjCNFw2qBBR86cpF0ZlZYVJLolv1j1UQhttp://www.google.com/url?url=http://trueblueauctions.com/Real_Estate_Terms.html&rct=j&sa=X&ei=XR7vTcOrOcWu8gOYhOgc&ved=0CDIQngkwAA&q=Mechanics+lien&usg=AFQjCNGVcZipHjMGtNzUcoWHeQV2Qxaroghttp://www.google.com/url?url=http://mobile.crossroadstitle.com/glossary.htm&rct=j&sa=X&ei=XR7vTcOrOcWu8gOYhOgc&ved=0CDQQngkwAA&q=Mechanics+lien&usg=AFQjCNFDTrLq8L4vyfvMQT_LkfHPgNqqbghttp://www.google.com/url?url=http://key2yourhome.net/index.cfm/page/67437/parent/50175/Real_Estate_Terms_and_Definitions.html&rct=j&sa=X&ei=XR7vTcOrOcWu8gOYhOgc&ved=0CDYQngkwAA&q=Mechanics+lien&usg=AFQjCNF_jmvnj7EQMiLBZmPo9vSzSF1gdghttp://www.google.com/url?url=http://www.dallasforeclosureattorney.com/foreclosure-terms/&rct=j&sa=X&ei=XR7vTcOrOcWu8gOYhOgc&ved=0CDgQngkwAA&q=Mechanics+lien&usg=AFQjCNEvaemPvWerff2lBx_nS_KvV5HHqwhttp://www.google.com/url?url=http://www.jonespropertygroup.com/Glossary.html&rct=j&sa=X&ei=XR7vTcOrOcWu8gOYhOgc&ved=0CDoQngkwAA&q=Mechanics+lien&usg=AFQjCNFw2qBBR86cpF0ZlZYVJLolv1j1UQ