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In many places you can buy a house and a contractor can put
a lien on it within 90 days of construction or delivery of
materials. For example if a contractor fails to pay a
subcontractor he/she can place a lien against your real
estate.
If you have windows installed or any kind of construction,
repairs or improvements done to your residence or even
commercial property you need to make sure you get the
contractor to release the lien. If you don't you could face
shocking problems in the future.
A woman was going to nursing school and decided to sell her
home and downsize. She was going to use the money to sustain
her through a few more months. When they got ready to close,
the title search revealed a mechanic's lien recorded against
the property. This held up the sale for six months and the
mortgage company began foreclosure actions. Her husband had
windows installed several years earlier and had since passed
away. The woman didn't have any idea where the receipts were.
Everything worked out when a local television station got
involved. The contractor's company couldn't find any records
either so finally they agreed to release the lien and she was
able to consummate the sale.
Suzie is a certified residential appraiser, licensed real
estate broker and expert author. She has been in the industry
for twenty years. Other professionals have contributed as
well. http://www.freewebs.com/realestatenews | 
