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However, if you are a sub or supplier on the project, this may be a bit more challenging. The property may have been sold during the course of the project, or there may be multiple property owners. Who is your client? This is simply the name and address of the person who signed a contract with you.
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Also, if you were hired by a tenant, make sure you put their info down correctly. The description of the services or materials provided to the project goes in this section. Rather a brief description of the work or materials provided that is the subject of your lien claim. The statute states that the amount should be the balance due after deducting any credits. Try to keep it limited to the amount owed to you for the labor and materials provided that are the subject of the lien claim.
Illinois Foreclosure Lawyer Q & A
The more costs you add to your lien claim, the more likely the court may determine that the amount is exaggerated. By contract information, we just mean the basics. What type of contract were you working under? The four most common types of construction contracts are lump sum , cost-plus , time and materials , and unit pricing contracts.
Additionally, the lien claim should also provide the full contract price. These two are pretty straightforward. The contract date is, the date the contract was signed. As for the last date of furnishing, this is whenever the last time you provided labor or materials to the project. In any case, the more details, the better.
For assistance on how to find the property description of the project, you can download our Legal Property Description Cheat Sheet. But wait! Be sure you are in front of a notary before you go putting your signature on there. Illinois mechanics liens must be notarized in order to be valid.
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In Illinois, there are technically two different deadlines to file your claim. When you file will determine who the lien will be enforceable against. Under Illinois law, any mechanics lien should be filed in the County Recorder of Deeds where the property being liened is located. This is crucial as the lien must be filed not only in the correct county but the correct office as well. The fees and specific document formatting vary depending on your county.
And in fact, many counties have adopted this technology. Along the same lines, e-signatures are also allowed under the Act as well. This is only required under particular circumstances. Specifically, only on owner-occupied, single-family residential projects. A direct contractor working on such a project must give notice of recording within 10 days after the lien claim was filed.
This notice can be sent by mail or delivered personally. If this deadline is missed, and the owner suffered some sort of damages such as not being able to close on a sale of the property , the lien will be extinguished to the extent of the damages. An Illinois mechanics lien is valid and effective for 2 years. Keep in mind that a foreclosure action is a full-blown lawsuit. This can be a costly and time-consuming process. Depending on the amount in controversy, a foreclosure may not be worth it.
There is one more optional step you can take to extract payment, and that is a Notice of Intent to Foreclose. Download a free, Notice of Intent to Foreclose Form.
If the debt is ultimately paid, it may be time to cancel the lien claim from the county books. Upon receipt of this demand, the lien claimant should file a cancellation within 10 days. Not only is it just good business, but the owner will eventually request that you do so. Alex Benarroche Legal Associate. Last Updated on Nov 01, Published on Jan 30, Bankruptcies in the construction industry are unfortunately very common.
Learn how a mechanics lien can help make sure your company Read more. In the construction business, everything comes down to the contract. Also, view additional photos, sales comps, rental data, title info, neighborhood reports and more. Don't miss the opportunity to buy homes that offer the potential for a high return on investment. In addition to this property, Auction. Altogether, Auction. All properties and sale details can be found with a simple search at Auction. Create a free account to find similar properties, save your favorites and receive email alerts of upcoming auctions.
To view the complete details of this property, click the "Get Auction Details" button above or paste the Property ID into the search bar at Auction. Basement Basement: Finished. Flooring Flooring: Carpet, Hardwood, Tile. Heating Heating features: Forced air. Cooling Cooling features: Central. Other interior features Total interior livable area: 3, sqft Fireplace: Yes. Lot Lot size: 1 acres. Other property information Parcel number: Construction details Type and style Home type: Single Family.
Collecting a surplus after a foreclosure sale
Material information Roof: Asphalt. Condition New construction: No Year built: See more facts and features. Foreclosure Trustee or Attorney. See more foreclosure information. Home value It looks like this property has missing facts which can affect the accuracy of home value estimates. Is this your home?
The Advantages and Disadvantages of Quitclaim and Warranty Deeds
Claim it and update home facts! Zestimate history. Monthly cost. Utilities Not included.
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