Alabama Subordination of Lien
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How to fill out Subordination Of Lien?
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FAQ
Full Price? Lien ? Available only (1) if the supplier has a direct contract with the Owner, or (2) if the supplier sent a notice to the Owner before supplying materials to the property. The lien is to the full extent of the ?owner's? interest in the Property? Ala.
Notice Of Intent. All lien claimants, except an original contractor must give notice prior to filing a verified statement of lien. The notice must be given in writing to the owner stating that a lien is claimed, setting forth the amount and the subject of the lien, and the person or entity from whom it is owning. Ala.
Once the lien has arisen, it will continue until the liability for the amount assessed is satisfied, released or becomes unenforceable by reason of lapse of time (i.e. 10 years from the date the lien is filed) (Code Sections 40-1-2, 40-29-20, and 49-29-21).
General contractors who have a direct contract with the owner may not be required to provide this notice. In Alabama, there are specified deadlines for the filing of mechanic's liens ranging from 30 days to six months depending on whether the lien claimant is the original contractor or a subcontractor or supplier.
How does a creditor go about getting a judgment lien in Alabama? To attach the lien, the creditor registers the judgment with the office of probate court in any Alabama county where the debtor owns property now or may own property in the future.
Subcontractors and suppliers must file within 4 months after the last date of furnishing labor and/or materials to the project. Laborers must file within 30 days after the last date of furnishing labor to the project.
Only a handful of states have a Notice of Intent to Lien (NOI) requirement, and Alabama is one of them. An Alabama NOI, also referred to as a Notice of Unpaid Balance, is required by all claimants who didn't contract directly with the owner prior to filling a Statement of Lien.
