Get the free Claim of Lien on Real Property

This document is used to formally claim a lien on real property as per the North Carolina General Statute 44A-12.

How to fill out claim of lien on

How to fill out Claim of Lien on Real Property

1. Gather all necessary information about the property, including the legal description and address.
2. Identify the parties involved: the lien claimant and the property owner.
3. Fill out the Claim of Lien form with accurate details, including the amount owed.
4. Provide a description of the work performed or materials supplied.
5. Ensure to include the date of the last work performed or materials provided.
6. Sign and date the document.
7. Notarize the Claim of Lien if required by state law.
8. File the Claim of Lien with the appropriate county recorder's office.
9. Deliver a copy of the Claim of Lien to the property owner.

Who needs Claim of Lien on Real Property?

1. Contractors or subcontractors who have not been paid for services rendered.
2. Suppliers who have not been compensated for materials provided.
3. Laborers who have not received payment for their work.
4. Property owners who want to secure their payment rights on a real property.

People Also Ask about

What does a claim of lien include?

What Is a Lien? A lien is a claim or legal right to a debtor's property or other assets, typically assets that were used as collateral to back a loan. It serves to guarantee that the underlying obligation will be satisfied. If not, the creditor can seize and sell the assets in question.

What is an example of a lien?

Examples of a purchase-money security interest lien include a first mortgage on a home, a car loan, and situations in which the seller finances the purchase of property, such as furniture, through a credit agreement.

What does it mean when someone puts a lien on property?

A property lien is a legal claim on a person's property by their creditor to recover an unpaid debt or obligation. Property liens are usually leveraged by creditors who have not been paid. Once a lien is placed on your home, the creditor can foreclose on the house to recover the debt.

What does lien mean in simple terms?

lien. noun. ˈlēn. : a charge or encumbrance upon property for the satisfaction of a debt or other duty that is created by agreement of the parties or especially by operation of law. specifically : a security interest created especially by a mortgage.

What is one of the most common types of liens on a property?

Liens can be categorized into general vs. specific and voluntary vs. involuntary, impacting the scope of debt and property rights. Common types of property liens include mortgage liens, property tax liens, judgment liens, mechanic's liens, and HOA liens, each with unique implications for property ownership.

What are the three types of liens?

Of the three types of liens (consensual, statutory, and judgment), the judgment lien is the most dangerous form, but one which the informed business owner may be able to eliminate. A judicial lien is created when a court grants a creditor an interest in the debtor's property, after a court judgment.

What is a claim for a lien?

A lien is a claim or legal right to a certain assets belonging to a debtor, often those used as collateral for a loan.

How do you say lien on property?

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For pdfFiller’s FAQs

What is Claim of Lien on Real Property?

A Claim of Lien on Real Property is a legal document filed by a creditor to secure an interest in the property of a debtor when the debtor fails to fulfill a contractual obligation, typically related to payment for services or materials provided.

Who is required to file Claim of Lien on Real Property?

Typically, contractors, subcontractors, suppliers, and other parties who have provided labor, materials, or services for the improvement of a property and have not been paid are required to file a Claim of Lien on Real Property.

How to fill out Claim of Lien on Real Property?

To fill out a Claim of Lien, one must provide the property owner's name, property description, the amount owed, a description of the work done or materials supplied, the claimant's information, and a statement of the claim. It is crucial to follow specific state regulations while filling out the form.

What is the purpose of Claim of Lien on Real Property?

The purpose of a Claim of Lien is to protect the rights of creditors by allowing them to secure an interest in the debtor's property, ensuring they have the opportunity to recover owed amounts even if the debtor does not pay voluntarily.

What information must be reported on Claim of Lien on Real Property?

The Claim of Lien must typically include the property owner's name, a legal description of the property, the amount owed, details about the work performed or materials furnished, the claimant's name and address, and the date the work was completed or the materials were supplied.