Annotate Legal North Carolina Construction Liens Forms For Free

The Lien on Funds attaches to any funds that the Obligor owes to the contractor whom the lien claimant contracted with. For example, a first-tier subcontractor has a direct lien on the funds for amounts it is owed to the extent and amount that the project Owner owes to the General Contractor.

In North Carolina, a lien claimant has 120 days from the date of last furnishing to complete these 3 steps: Fill out a mechanics lien form that meets NC requirements. ... File the lien with the county recorder's office. ... Serve a copy of the lien on the property owner.

The claim of lien on real property must be filed within 120 days from the date when labor or materials were last furnished to the project. The claim of lien must comply with the form that is set forth in NCGS 44A-12, which includes a certification that the lien has been served on all necessary parties.

A lien is a claim or legal right against assets that are usually used as collateral to satisfy a debt. The creditor may be able to seize the asset that is the subject of the lien. Bank, real estate, and tax are three types of liens.

Mortgage Liens If the property has clear title, you'll likely sign a mortgage or deed of trust (or similar document) to provide security for the debt. The lender will then record the mortgage, which is called a "first mortgage," in the public land records to put a lien on the property.

North Carolina Notice of Lien Agents As a result, pursuant to North Carolina law, any owner who contracts for work of at least $30,000, must designate a lien agent to receive notice from potential lien claimants.