Utah Mechanics Lien Form With Decimals
Description
How to fill out Utah Construction Or Mechanics Lien Package - Corporation Or LLC?
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FAQ
Utah Construction Liens: an overview of the Five Basic Steps File a preliminary notice. Record a notice of construction lien. File a foreclosure lawsuit and record a lis pendens. Prevail in the lien foreclosure lawsuit. Sell the property.
A mechanic's lien is a "hold" against real property that, if unpaid, allows a foreclosure action, forcing the sale of your property. It is recorded with the County Recorder's office by the unpaid contractor, subcontractor or supplier.
Both types of construction mechanics liens in Utah need to be recorded at the county recorder's office in the county in which the property is located. After this step is completed, a project participant has 30 days to then send notice to the property owner via certified mail with return receipt requested.
First, a lien must be filed against the property. Then, a bond (or a cash deposit) is filed with the register of deeds or court, as a substitute for the encumbered property. The amount of the bond may vary based on state statute, though frequently is 110% to165% of the amount of the lien.
Both types of construction mechanics liens in Utah need to be recorded at the county recorder's office in the county in which the property is located. After this step is completed, a project participant has 30 days to then send notice to the property owner via certified mail with return receipt requested.