If you have done work or supplied materials contributing to any improvement to real property within the State of Colorado – with or without a contract – and have not received payment, you may have the right to collect for your materials or work by recording and foreclosing a mechanic’s lien. Perfection and enforcement of a Mechanic’s Lien requires diligent and precise action by the claimant to ensure that he conforms with the requirements of Colorado’s Mechanic’s Lien Statute. Failure to meet deadlines and adhere to technical legal requirements can invalidate a mechanic’s lien.
Homeowners who have paid the full contract price for construction of their home may in some circumstances defeat a mechanic’s lien and, sometimes, recover attorney fees for the costs of defending against a mechanic’s lien foreclosure.
For more information about creation, perfection and enforcement of Mechanic’s Liens, please call or visit us today.
This entry was posted on Thursday, December 3rd, 2009 at 1:06 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.