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Can I own the property that I placed the lien on?

If I, as a General Contractor, provide services on a multi family complex (apartment complex of 107 units), and I gave them all the preliminary notices, and have placed them on a lien. They agree to lawyers to pay the amount and then back off on the offer, can I legally fight to own the property instead of just getting my money worth?

1 reply

Nov 25, 2019

A contractor who goes unpaid for their work is generally entitled to file a mechanics lien against the project property. This clouds the property title, creates frustration for the owner, and makes it harder to sell or take out a loan against the property. However, a contractor is not able to outright take the property from the owner as a result of their lien. If a mechanics lien is filed and eventually enforced, that lien may result in the sale of the property via foreclosure. And, if that happens, a contractor could conceivably purchase the property at auction. But, a mechanics lien filing doesn't entitle the claimant to the enjoyment of the project property, itself. For more information on how mechanics liens work and how to pursue payment once a lien is filed, the following resources should be really valuable: - How Do Mechanics Liens Work? 17 Ways a Lien Gets You Paid - Guide, Forms, & Resources - The 4 Steps to Take After Filing a Mechanics Lien

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