Maine Release of Lien Claim

State:
Multi-State
Control #:
US-OG-121
Format:
Word; 
Rich Text
Instant download

Description

This form provides for a release of any type of materialmans, mechanics or other contractors lien that may have been filed against an owners interest.

How to fill out Release Of Lien Claim?

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FAQ

In Maine, all lien claimants without a contract directly with the property owner must file their lien claim (called a Notice of Lien) in the registry of deeds for the county in which the property is located within 90 days of the date of last furnishing labor or materials for the project.

After it's all said and done, your Maine mechanics lien is valid for 120 days after last furnishing of labor and materials. This means you have 120 days to enforce your lien claim if necessary. If you get paid, you should release the lien and free up the property.

The easiest and most effective way to remove a mechanic's lien on your property is to negotiate with the contractor and settle the lien. If you do not want to pay the contractor money you feel they don't deserve, you can negotiate the conditions of payment.

Maine mechanics' liens on both public property and private property must be filed within 90 days of the last date the claimant provided materials or services to the Project.

On the back of the title you will fill out completely the upper block of information that says ASSIGNMENT OF OWNERSHIP. Print the buyer(s) name and address on the lines provided. Enter Date of Sale. Under ODOMETER DISCLOSURE STATEMENT fill in the odometer reading in the space provided.

The Maine Mechanics Lien Release Form is used to cancel a lien that has already been filed. It's most often used to release a lien claim after a lien claimant receives payment. However, they may also be released based on settlements, legal controversies, because they expired, or more.

Voluntary Dissolution of a Mechanic's Lien A person who placed a mechanic's lien on real estate may dissolve it by filing a notice of dissolution at the registry of deeds in ance with M.G.L. c. 254 Sec. 10.

Lien release bonds can be a useful way for owners to free their property from lien claims, enabling them to refinance or sell the property. While this does not free them from their obligation to pay off their debt, it serves as a substitute of one form of payment security to another.

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Maine Release of Lien Claim