Annotate Legal North Carolina Liens Forms For Free

Types of Liens in North Carolina The three most common types of liens are tax, mechanic, and judgement. Each one has specific guidelines to follow in order to file and enforce the lien.

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.

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.

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.

Notice to Lien Agent required within 15 days from first furnishing labor and/or materials. Lien filed and served within 120 days from last furnishing labor or materials. An action to enforce a North Carolina mechanics lien must be initiated within 180 days after the claimant's last furnishing of labor or materials.