Mechanic's liens - Posted by Kathy

Real Estate Investing
1

Posted by Todd K. on July 23, 2000 at 18:39:15:

Sean, I would like to find out where you got that information regarding a mechanic’s lien in california is considered senior over an existing first position loan.

Thanks
Todd,

2

Mechanic’s liens - Posted by Kathy

Posted by Kathy on July 20, 2000 at 12:39:10:

I would like to know if anyone is using Joe Kaiser’s course on Mechanic’s Liens. If you have tried the system, were you able to collect on the lien? I guess I don’t understand how I would be able to collect if the original lien holder has been unable to. Any response would be appreciated.

3

Re: Mechanic’s liens - Posted by Carmen

Posted by Carmen on July 20, 2000 at 13:00:59:

I am interested in Joe’s Mechanics Lein course also. I can only assume at this point–but maybe you collect on the lien when the property is sold or use as leverage by telling the person that is recorded against their property to get the debtor to pay.

4

Re: Mechanic’s liens - Posted by Leonard Emery

Posted by Leonard Emery on October 09, 2000 at 21:13:36:

  1. I loaned an employer some money to make payrole. He promised to pay in either installments or a lump sum.
    To date he has repayed only $1,000 of the $10,000 he owes me. I am charging interst as well. he has owed me the money for over a year.
  2. He also said he would pay muy car payments in lieu of a pay raise. He owed me $6300 when he told me he could no lomger afford to pay me.
    I live in CT and would appreciate any help you can give as to applying a mechanics lein against his property. A link or URl in CT would be helpful as well.
5

Depends on… - Posted by Sean

Posted by Sean on July 20, 2000 at 19:54:56:

…your state I guess, but here in California mechanic’s liens are the senior lien on the property. That means if you foreclose on a mechanic’s lien the first is wiped out.

I guess if you contact them fast enough you can negotiate a good price. A lot of mechanic’s liens people don’t have much experience/interest in foreclosing on a property. In all likelihood I would expect the first to cure the mechanic’s lien as soon as they got your notice.