2007-02-01 04:16:02 · 5 answers · asked by Biscuit B 1 in Business & Finance ➔ Renting & Real Estate
we have moved in and finished the work ourselves. we paid the subs for the work they had to finish and we had a construction loan. the builder recieved payments for the work completed ,he is trying to get the money for work that wasnt finished.besides being 2 months over contract.
2007-02-01 05:36:28 · update #1
If they have a lien, they can foreclose. Generally this will be because of unpaid balances due them for work completed thus far.
2007-02-01 04:31:31 · answer #1 · answered by flamingojohn 4 · 0⤊ 0⤋
A mechanical lien can't force a sale, in most states, I am sure!
Especially a lien where the work hasn't been completed. You probably need legal help on this one, in the State where you live!
I think, the work has to be completed, to know what the amount
owed is? I notice you say, though, "Builder" ... and -- not finished the work? You are living in the house? There would have to be a completion notice filed b4 occupying, I am sure?
Mechanical Liens, that I am familiar with, are for workers or SUB-Contractors who have not been paid, for their work, by the General Contractor (Builder) or the owner?
2007-02-01 04:31:17 · answer #2 · answered by Edward C 2 · 0⤊ 0⤋
There is not enough information here. Did you close on the house, were payments set up? Did you miss payments? I believe that you may benefit from a meeting with an attorney in any case. The builder has control of the property until you move in but you have rights too!! Good luck.
2007-02-01 04:22:47 · answer #3 · answered by Miki M 3 · 0⤊ 0⤋
If they got a mechanic's lien, then they can foreclose. It's time to get a good lawyer.
2007-02-01 04:24:18 · answer #4 · answered by Roberta 4 · 1⤊ 0⤋
Get a real estate attorney asap. Pull out your contract as well.
2007-02-01 07:30:40 · answer #5 · answered by PO'd in Portland 2 · 0⤊ 0⤋