About Us
Turn Your Liens Into A Cash Payment, Fast.
At Lien Liquidators, we specialize in helping construction professionals and lien holders unlock the value of their unpaid liens.
We provide sellers with immediate cash, eliminating the uncertainty and delays often associated with lien enforcement or collection processes. Our streamlined services include free lien valuation, ensuring you understand the worth of your claim, and a hassle-free transaction process that puts money in your hands quickly.
Whether you’re seeking financial relief or simply want to convert your unpaid liens into liquidity, Lien Liquidators is your trusted partner in turning unpaid debts into cash flow.
Explanation of Claim of Lien
What is a claim of lien?
A Claim of Lien is a legal document signifying that the lienor (i.e., the person who records the lien) is claiming that another person is indebted to them. In the context of the construction industry a claim of lien is a legal document containing a statement made under penalty of perjury that the lienor has, pursuant to a contract, worked on or provided materials for a property and has not been paid.
The lien is recorded in the official records for the county where the property is located and serves as notice to the world, including potential buyers or lenders, that debt associated with the property. If payment is not made, the lienor can take legal action to force a sale of the property to recover their money.
If the property has a mortgage, the mortgage lender usually has the first priority to be paid from the sale proceeds. This means the mortgage must be paid off before the lienor can collect anything. If there’s money left after the mortgage is paid, the lienor receives their share. If the property sale doesn’t produce enough funds to cover both the mortgage and the lien, the lienor may only receive partial payment for the lien. If the foreclosure proceeds are sufficient to pay off the mortgage but not the full amount of the lien, the lienor can pursue the property owner personally to recover the remaining balance (this is sometimes done through a deficiency judgment).
Example of a Claim of Lien
Let’s say ABC Roofing Co. installs a new roof on a homeowner’s property. The agreed-upon cost was $10,000, but the homeowner only pays $7,000, leaving $3,000 unpaid. Despite repeated requests, the homeowner refuses to pay the remaining balance. To protect its rights, ABC Roofing Co. files a Claim of Lien with the county where the property is located. This document includes details like the amount owed, the work performed, and the property’s legal description. Once the claim is filed, the homeowner cannot sell or refinance the property without addressing the lien. If the homeowner still refuses to pay, ABC Roofing Co. can sue to foreclose on the lien, forcing the property to be sold to cover the debt. By filing the claim of lien, ABC Roofing Co. secures a legal path to recover what they are owed and ensures their work doesn’t go unpaid.
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Please feel free to contact us with any questions or to schedule a meeting to explore the most effective solutions for achieving your financial goals.
Lien Liquidators
1540 International Parkway, Suite 2000, Lake Mary, FL 32746
Hours
All meetings are by appointment only.
Office Hours:
Monday to Friday
8:30 a.m. to 5:00 p.m.
Closed for most major holidays
