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What is a Mechanic's Lien?
Chris at Hauseit® (https://www.hauseit.com) goes over the question: What is a Mechanic's Lien?
Save money when buying, selling and renting real estate in New York and Florida with Hauseit. Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014.
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A mechanic's lien is a lien placed on your property by a contractor or sub-contractor like a plumber, electrician or GC (General Contractor) for not paying your bills to them.
For example, if you ran out of money halfway through your home renovation project and just don't pay your GC, then he or she could file a mechanic's lien on your property.
You could also get a mechanic's lien on your property if the general contractor doesn't pay his or her sub-contractors, and thus the sub-contractors could put a mechanic's lien on your property.
We explore this mystery and explain further in the following video.
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Hauseit Group LLC, Licensed Real Estate Broker
Tel: +1 (888) 494-8258
Email: team@hauseit.com
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