"Residential" Lien Changes Have Broad Impact
Date 9/16/2010
by Richard A. Stockenberg
Gallop, Johnson & Neuman, L.C.
A highly controversial overhaul of the procedure to perfect mechanics' liens against residential property took effect August 28, 2010. The new law applies to any residential property transferred on or after November 1, 2010. While the law applies only to "residential real property," there is a broad definition of what kinds of property are included.
There are four basic components to the new law. Foremost, lien rights will be lost if the lien claimant does not record with the recorder of deeds...
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