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How much risk does a mechanics lien put on a homeowner?

OregonMechanics Lien

Hi. I am writing as a homeowner looking to get some home improvement work done (previously hardwood floors, now carpet installation). Maybe it's because I'm not a native Oregonian, but I'm feeling uneasy about contractors wanting me to sign the Oregon Lien Rights document. I'm happy to make a commitment to pay the contractor, but the document seems to indicate that a lien could be placed on my property by any subcontractors or suppliers the contractor fails to pay or has a dispute with. Maybe I'm misunderstanding it, but it seems to put a lot of liability on the homeowner, to the point that I'm uneasy moving forward with projects. I've spoken with different neighbors about this and some seem to think I shouldn't worry about it, whereas others say they've never been asked to sign this document. I'm not sure what to do and am looking for clarification.

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