"Liens... shall be dissolved unless the contractor, subcontractor, or some person claiming by, through or under them, shall, not later than the earliest of: (i) ninety days after the filing or recording of the notice of substantial completion under section two A; (ii) one hundred and twenty days after the filing or recording of the notice of termination under section two B; or (iii) one hundred and twenty days after the last day a person, entitled to enforce a lien under section two or anyone claiming by, through or under him, performed or furnished labor or material or both labor and materials or furnished rental equipment, appliances or tools, file or record in the registry of deeds in the county or district where the land lies a statement, giving a just and true account of the amount due or to become due him, with all just credits..." Mass. Gen. Laws Ann. ch. 254 §8.
Lowell Massachusetts Statement of Lien by Individual: A Comprehensive Overview Keywords: Lowell Massachusetts, statement of lien, individual, types Introduction: In Lowell, Massachusetts, a statement of lien by an individual is a legal document that establishes a legal claim or interest on a property owned by another individual or entity. This statement serves as a notice to others that the property may be subject to a lien due to an outstanding debt or obligation. Understanding the various types of Lowell Massachusetts statement of lien by individual is crucial for property owners, contractors, and individuals involved in transactions related to real estate. Types of Lowell Massachusetts Statement of Lien by Individual: 1. Mechanics' Lien: A mechanics' lien is a type of statement of lien often filed by contractors, laborers, or suppliers who have not been paid for their services or materials provided to improve a property. Lowell Massachusetts enables contractors or suppliers to file a mechanics' lien against the property to ensure payment for their work or materials. 2. Judgment Lien: A judgment lien is a statement of lien filed by an individual who has obtained a court judgment against the property owner. Typically, this occurs when the property owner fails to fulfill a financial obligation, such as unpaid debts or legal judgments. By filing a judgment lien, the individual secures the right to collect the owed amount from any proceeds obtained if the property is sold. 3. Tax Lien: A tax lien is a statement of lien filed by governmental authorities, such as the Internal Revenue Service (IRS) or the Massachusetts Department of Revenue (FOR). These liens are typically imposed on properties when the property owner fails to pay their taxes. The government agency files the tax lien to protect their interests and initiate potential actions for tax collection. 4. HOA Lien: Homeowners' associations (Has) in Lowell, Massachusetts, may file a statement of lien against a property owner who fails to pay their dues or fulfill their obligations outlined in the HOA covenants. The HOA lien grants the association the right to recover unpaid fees by potentially initiating a foreclosure process. 5. Child Support Lien: In cases where a property owner owes unpaid child support, the Massachusetts Department of Revenue's Child Support Enforcement (CSE) Division may file a child support lien. This statement of lien aims to collect the owed child support payments and enforces compliance with court-ordered obligations. Conclusion: A statement of lien by an individual in Lowell, Massachusetts, plays a crucial role in protecting the rights and interests of individuals or entities owed a debt or obligation. Understanding the various types, such as mechanics' liens, judgment liens, tax liens, HOA liens, and child support liens, is important for both property owners and those working in the real estate industry. By familiarizing themselves with these concepts, individuals can navigate property transactions effectively and ensure compliance with the law.Lowell Massachusetts Statement of Lien by Individual: A Comprehensive Overview Keywords: Lowell Massachusetts, statement of lien, individual, types Introduction: In Lowell, Massachusetts, a statement of lien by an individual is a legal document that establishes a legal claim or interest on a property owned by another individual or entity. This statement serves as a notice to others that the property may be subject to a lien due to an outstanding debt or obligation. Understanding the various types of Lowell Massachusetts statement of lien by individual is crucial for property owners, contractors, and individuals involved in transactions related to real estate. Types of Lowell Massachusetts Statement of Lien by Individual: 1. Mechanics' Lien: A mechanics' lien is a type of statement of lien often filed by contractors, laborers, or suppliers who have not been paid for their services or materials provided to improve a property. Lowell Massachusetts enables contractors or suppliers to file a mechanics' lien against the property to ensure payment for their work or materials. 2. Judgment Lien: A judgment lien is a statement of lien filed by an individual who has obtained a court judgment against the property owner. Typically, this occurs when the property owner fails to fulfill a financial obligation, such as unpaid debts or legal judgments. By filing a judgment lien, the individual secures the right to collect the owed amount from any proceeds obtained if the property is sold. 3. Tax Lien: A tax lien is a statement of lien filed by governmental authorities, such as the Internal Revenue Service (IRS) or the Massachusetts Department of Revenue (FOR). These liens are typically imposed on properties when the property owner fails to pay their taxes. The government agency files the tax lien to protect their interests and initiate potential actions for tax collection. 4. HOA Lien: Homeowners' associations (Has) in Lowell, Massachusetts, may file a statement of lien against a property owner who fails to pay their dues or fulfill their obligations outlined in the HOA covenants. The HOA lien grants the association the right to recover unpaid fees by potentially initiating a foreclosure process. 5. Child Support Lien: In cases where a property owner owes unpaid child support, the Massachusetts Department of Revenue's Child Support Enforcement (CSE) Division may file a child support lien. This statement of lien aims to collect the owed child support payments and enforces compliance with court-ordered obligations. Conclusion: A statement of lien by an individual in Lowell, Massachusetts, plays a crucial role in protecting the rights and interests of individuals or entities owed a debt or obligation. Understanding the various types, such as mechanics' liens, judgment liens, tax liens, HOA liens, and child support liens, is important for both property owners and those working in the real estate industry. By familiarizing themselves with these concepts, individuals can navigate property transactions effectively and ensure compliance with the law.
