Real Estate Glossary | What is Mechanic's Lien??

Q: What is Mechanic's Lien?

A Mechanic's Lien is a legal claim that allows a contractor, subcontractor or supplier to place a lien on a property if they are not paid for work done on the property. This type of lien can be placed on both commercial and residential properties, and it allows the contractor to foreclose on the property if the debt is not paid.

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