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View Full Version : Contractor's Liens


fedfan4life
Dec 19, 2007, 10:43 AM
I recently purchased an investment property. At the time of closing, there were 2 liens, since the builder had not paid his suppliers. Both were settled by the Closing Company from the proceeds of the loan. However, my question now is this - What if the builder does not pay the rest of his suppliers? Are they able to place a lien on the property, even though the builder has been paid in full?

ScottGem
Dec 19, 2007, 10:49 AM
Since the builder no longer owns the property, they missed the boat. I don't believe they can apply liens against the property any longer.