I just came back a while ago from my Homeowner's Association board meeting, of which I am Vice President.
We are a planned community of single family homes.
One of the residents that was in attendance asked if anyone knew anything about one of the local roofing companies.
She said she now has a mechanic's lien on her home, and that is has nothing to do with the payment to her contractor, which she has paid in full.
The issue that brought about the mechanic's lien on her home is the fact that the contractor who did the work on her home apparently did not pay the roof tile supplier what he owed them.
I was wondering how that is possible for the supplier to know which homes the supplies were used on exactly. It also made me think just how easy is it for a supplier or contractor to put a mechanic's lien on your home.
Our rep from our management company also attended the meeting and she stated that is probably because the contractor must give an address to the supplier for the materials.
This brought up a good point that it might be a good idea for you to obtain a lien clearance from the contractors that do work on your home, since you never know what your contractor's business or financial situation is.
And in an economy where people may be floating money to make ends meet, you should probably keep your bases covered.
Comments(9)