Toni In Alabama.
Unfortunately, I had to place mechanic's lien on three properties. The houses were being sold at full value before the liens were placed on them. However, once the owner was notified of the liens, she immediately significantly dropped the selling prices of the homes. In fact, she has dropped the selling price so dramatically that our lien amounts are more than what she will get out of the houses. Here's an example: One of the houses was selling for $599,900.00. After she found out about the lien, it dropped to $399,900.00. Our lien is for $250,000.00. All within a week. In our opinion, we know what's going on in this situation. It's obvious she doesn't want us to get any money. So, if the taxes are paid first, then the mortgage company, then us. . .What do we do? Is there a law against this? Will we still get our money? Thank you for your time, and I look forward to your responses.
Unfortunately, I had to place mechanic's lien on three properties. The houses were being sold at full value before the liens were placed on them. However, once the owner was notified of the liens, she immediately significantly dropped the selling prices of the homes. In fact, she has dropped the selling price so dramatically that our lien amounts are more than what she will get out of the houses. Here's an example: One of the houses was selling for $599,900.00. After she found out about the lien, it dropped to $399,900.00. Our lien is for $250,000.00. All within a week. In our opinion, we know what's going on in this situation. It's obvious she doesn't want us to get any money. So, if the taxes are paid first, then the mortgage company, then us. . .What do we do? Is there a law against this? Will we still get our money? Thank you for your time, and I look forward to your responses.