The importance of liens in securing payment on construction projects cannot be overstated. Washington’s lien law was enacted primarily to safeguard contractors’, material suppliers’, and laborers’ rights to payment on construction projects. Failing or refusing to utilize Washington’s lien procedures could turn out to be a catastrophic mistake. At times, having a valid lien in…
In the broadest sense, a lien is a legal right or interest that a creditor has in another’s property. Usually, creditors use liens to secure payment of debts. There are many different types of liens. For example, there are judgment liens, construction liens, crop liens, and various labor liens. There are also various regulations that…
The purpose of every construction lien is to secure payment. But, there are times when there are no funds to pay lien claimants. In these situations, lien claimants may have to enforce their lien, which can mean having to file a lawsuit, obtain a specific type of judgment, and sell the property to which the…
There are several different types of liens that may be recorded against your home. These include, but are not limited to, the following: Tax Lien – The Internal Revenue Service (IRS) or the county where your home is located may place a lien against your property for unpaid income tax or property tax. Mechanic’s Lien…
If you lost your home in a foreclosure between January 1, 2008 and December 31 2011, and your lender was one of five that participated in the recent National Mortgage Settlement, you may be entitled to compensation pursuant to that settlement. In February 2012, 49 state attorneys general and the federal government announced a historic…
We represent many clients who own a home or condominium and are “underwater” on their mortgage – or, in some cases, on multiple mortgages on the same residence. Some simply find themselves unable to continue servicing their debt. Whether they’ve lost their job, their mortgage rate has adjusted upward, or their home’s value has plummeted…