I was told by a realtor that I can put a lien on customer's homes if they dont pay one of our bills, and I have some collection accounts that i wish i can put a lien on, I guess at leaset with that I know that someday they will have to pay us.
does anyone know the process of putting a lien on a property, and if i can do it as a small business owner, let me know thanks so much
2007-04-26 06:08:27 · 9 answers · asked by WellaTeam 2 in Business & Finance ➔ Small Business
This is one for a lawyer.
Too many things you can get in trouble with to run with an answer from Yahoo on this one.
2007-04-26 06:12:27 · answer #1 · answered by edjumacation 5 · 1⤊ 0⤋
If the unpaid bill is for work done on the customers home, ya, its called a mechanics lien. If the bill was not on the customers house, you can go to court and get a judgment for the debt, but if the guy still doesn't pay, about all you can do is ruin his credit and if he's in the habit of not paying bills, he's probably already done that for himself.
2016-05-19 03:43:28 · answer #2 · answered by ? 3 · 0⤊ 0⤋
You can go to the county courthouse with proof of your claim and file a lien against a property. The home will not be able to be sold without paying off the lien. I would warn your customers first. Send them a copy of their bill and give them 30 days to pay, and then proceed to file. You may just get your money back that way.
2007-04-26 06:15:41 · answer #3 · answered by Florida Girl 3 · 2⤊ 0⤋
My friend is an independent contractor and the customer did not pay his bill and he put a lien on his home. The person could not sell the house, and guess what, my freind got his money but it was 3yrs later.
2007-04-26 06:19:03 · answer #4 · answered by obscure 3 · 1⤊ 0⤋
A contractor can place a mechanic's lien on a home for work performed, but you cannot if you are simply selling a tangible good, without collateral.
2007-04-26 06:17:47 · answer #5 · answered by Dave F 1 · 1⤊ 0⤋
It depends on what kind of agreement was made when the debt was originally taken on by the homeowner.
Of course, sometimes just the threat of legal action will get their attention.
If not, then you probably need to talk to some collections places and ask them how you would go about doing it.
2007-04-26 06:18:08 · answer #6 · answered by Joe M 5 · 1⤊ 0⤋
Yes!
It is very easy, all you do is go to your local records building and file, it may cost 5$ bucks for filling fee.
You will need a copy of bill.
2007-04-26 06:32:48 · answer #7 · answered by JLove 2 · 1⤊ 0⤋
Florida Girl has the right answer.
2007-04-26 06:44:03 · answer #8 · answered by jim_elkins 5 · 0⤊ 0⤋
http://bankruptcy-law.freeadvice.com/collections/judgment_lien.htm
http://www.answers.com/topic/judgment-lien-2
2007-04-26 06:15:27 · answer #9 · answered by Terri 7 · 0⤊ 0⤋