COMMUNITY FORUM

catnap8

09:40AM | 08/30/03
Member Since: 04/28/03
8 lifetime posts
Bvmisc

We're having a screen room put on the back of our house. Our in-laws suggested getting a "Waiver of Lien" form from our contractor. Anyone hear of this before? Sounds familiar, but.... Is a "Waiver of Lien" form common now-a-days or is this "old school"? Outside of asking for a copy of the insurance, what else should we ask for in order to protect ourselves? Thanks!

hoganem

10:59AM | 09/03/03
Member Since: 02/13/03
90 lifetime posts
A lien waiver is very common today and protects you and your bank. I am building a house now and any contractor who does manual labor on my house signs a lien waiver immediately after I hand him a check. For material items all you need is your receipt. Example, electrician wires an outlet, because of the labor involved he signs a lien waiver. The guy delivering the gravel for my driveway does not sign one, I got a receipt showing I paid for the rock.

Anybody who works on your property and feels like they were cheated or slighted can file a lien against that property for the amount of the dispute. In Iowa they have 90 days to do so. If they sign a lien waiver they are essentially waiving the right to file a lien. You can not transfer or sell the property until that lien is settled.

Otherwise the banks would make you wait the 90 days before giving you a mortgage on a newly constructed house. They don't want any liens on it.

Removing liens is a hassle but it is done frequently after the misunderstanding with the contractor is settled.

Call your mortgage banker or lawyer for a copy of a lien waiver and use them.

Click_to_reply_button
Inspiration_banner

INSPIRATION GALLERY



Post a reply as Anonymous

Photo must be in JPG, GIF or PNG format and less than 5MB.

Reply_choose_button

captcha
type the code from the image

Anonymous

Post_new_button or Login_button
Register

In many regions, the growing season has already begun to wind down, so it's time to figure out where you're going to store... It turns out that many bath and kitchen cleansers contain chemicals that are dangerous to the skin and eyes, and often pro... So often we paint tiny nooks white to make them appear larger, but opting for a dark, dramatic wall color like this one—Be... Chocolate-colored walls and large window frames allow the exposed wood beams to take center stage in this small screened p... If you're not crazy about the idea of commingling plants and pool, this modern variation may be more to your liking. The s... Yes, a freestanding garage can become its own tiny house. Artist Michelle de la Vega has all the comforts of a modern resi... There’s nothing like a new set of cabinet hardware to refresh a room. The possibilities are endless: Go modern, rustic, or... Pursue what's known as the stack effect. To achieve it, open the windows on both the upper and lower floors, and as warm a... Like no other floor type, a checkerboard design works wonders to underscore the retro kitchen theme. Vinyl flooring, ceram... Twine lanterns add pops of crafty—but sophisticated—flair to any outdoor setting. Wrap glue-soaked twine around a balloon ... When securely fastened to a tree or the ceiling of a porch, a pallet and some cushioning make the ideal place to lounge. V... Incorporate nature into your lighting scheme by securing a dead tree in a concrete mold and draping your pendant lamp from... For the cost of a can of exterior paint , you can totally transform your porch. Paint the floor a hue that complements yo... In this urban apartment, a standard-issue patio became a serene and green perch by replacing the typical concrete with gro... If you put the washing machine in the mudroom, you can stop the kids from walking through the house in dirty, grass-staine...
Follow_banner_a
Newsletter_icon Google_plus Facebook Twitter Pinterest Youtube Rss_icon
 
webapp2