webinar: 5 steps to take after filing your mechanics lien

5 Steps to Take After Filing Your Mechanics Lien

Today’s AgendaServe the documents to all interested parties

Call the person most likely to pay you

Monitor foreclosure deadlines and send warnings

Send the project to Collections

File foreclosure and lawsuit

Serve the Documents

Service Types

Certified Mail

Certified Mail Return Receipt

Personal / Sheriff Process Server

Call the Person Most Likely to Pay

•Hiring Party

•Property Owner

•Surety/ Bonding Agency

•Lender

Monitor Foreclosure Deadlines & Send Warnings

Monitor Deadlines in the LienPilot

Enforcement Examples

“ Dear Sir or Madam:

Having not received payment for the services furnished to your construction project located at _______________, our company filed a mechanics lien against the property. Attempts to collect this debt from relevant parties following this filing has thus far failed.

Please be advised that our company intends to proceed with foreclosure of this claim if payment is not arranged within the next seven (7) days. At the end of any such action to foreclosure, a judgment may be rendered against the property in the amount of our mechanics lien claim plus attorneys fees, costs and interest, and the property may be sold to satisfy our claim.

Send Project to Collections

Find quality collections partner

& escalate the collections process

zlien Commercial Collections

Visit: http://www.zlien.com/collections/

File Foreclosure & Lawsuit

How to foreclose?

Most projects do not need to escalate to a lawsuit

Generally, an attorney is needed. You can locate attorneys by state on http://www.avvo.com/

If you’re collecting through zlien’s Collections program, the affiliate collecting on your project will find an area attorney (client must consent to file suit)

Got Paid?

File a lien release/ satisfaction

Thanks for stopping by, and we look forward to seeing you next time!