Mechanic's Lie Flashcards
How long do general contractors and subcontractors have to file their lien after notice of completion
120 days
Which title insurance policy will not protect the new owner against a mechanics lien that is recorded after close of escrow
A standard owners policy of title insurance
How long is a mechanics lien valid for after the day of recordation?
Valid for six months from the day of recordation
When does a judgment have the same priority as the original mechanics lien
Once a judgment is awarded
Who can a mechanics lien be filed by
A general contractor, subcontractor, architect, or engineer and provider of materials
Will a homestead exemption protect the property owner against a mechanics lien
No
If a tenant improve the property and fails to pay the contractor the mechanics lien
Encumbers the tenants leasehold interest
When does a mechanics lien take priority
The day the work began
