A common-law lien is the right of one person to retain in his possession property that belongs to another until a debt or claim secured by that property is satisfied. It pertains exclusively to personal property. This form is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Colorado Notice of Lien and of Sale of Personal Property Pursuant to Non-Statutory Lien
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Multi-State
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US-01015BG
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How to fill out Notice Of Lien And Of Sale Of Personal Property Pursuant To Non-Statutory Lien?
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FAQ
When a person or entity files a spurious lien, Colorado law provides for an expedited process whereby a property owner can dispose of this lien. Under this law, a property owner can file a petition in Court, and the Court will issue an order to the person or entity that filed the lien to explain why the lien is valid.
In Colorado, a Notice of Intent to Lien must be served to the property owner at least 10 days before the lien is filed. The lien itself must be filed within two months of the last date of work, or within four months of the last date of work if the contractor supplied the materials for the project.
You may contact the county clerk and recorder's office for more information on how to view their real estate records to determine whether a lien has been filed against your real property.
Abandoned property--notice of sale--definitions. (1) Property is presumed to be abandoned if the owner has failed to contact the lienholder for a period of not less than thirty days and the lienholder, in good faith, is without knowledge of any evidence indicating that the owner does not intend to abandon the property.
How long does a judgment lien last in Colorado? A judgment lien in Colorado will remain attached to the debtor's property (even if the property changes hands) for six years.
Anyone who supplies labor or materials for a project can file a mechanic's lien. This includes general contractors, subcontractors, and suppliers.
File your lien claim with the Colorado county recorder Deliver your completed lien form to the recorder's office in the Colorado county where the property is located, and pay the filing fee. You will also need to include an Affidavit of Service, affirming the delivery of the notice of intent.
As the property owner, you agree that the lender will have a lien over your property. In the event that you default, then the lender has the legal right to foreclose and sell your property to recover the amount which you owe.
