Our lien purchasing process is straightforward and efficient:
To perfect a lien, the lienor must record a claim of lien that includes specific details such as the name of the lienor, the labor or materials provided, and the amount due, among other requirements.
The claim must include the lienor’s name and address, the name of the person with whom the lienor contracted, a description of the labor or materials furnished, a description of the property, the name of the owner, and the amount due.
Yes, a lien can be assigned to another party. The assignment must be documented and recorded to be effective.
If construction ceases and then recommences, the owner must pay all existing lienors or file an affidavit stating their intent to recommence. This affects the priority of any new liens filed for the recommenced construction.
Yes, a lien can be discharged by filing a bond or cash deposit with the court to cover the amount claimed plus potential costs.
The Claim of Lien form is a standardized document used to record a lien, ensuring all necessary information is included and correctly formatted.
Construction liens generally take priority over other encumbrances that are recorded after the lien attaches to the property.
The Claim of Lien must be signed and sworn to before a notary public, ensuring the authenticity of the document.
We’re here to help! Whether you have questions about our services, need assistance with a lien, or want to discuss how we can support your construction business, feel free to reach out. Our team of experts is ready to assist you.
(352) 414-0281
info@buildtrustcapital.com
BuildTrust Capital Solutions, LLC
PO Box 1363
Ocala, FL 34478
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