Oregon Certificate of Satisfaction of Mechanic's or Construction Lien

State:
Multi-State
Control #:
US-01032BG
Format:
Word; 
Rich Text
Instant download

Description

A mechanic's (or construction) lien is a claim created by statute to secure priority of payment for labor performed or materials furnished in the making of improvements on real property. A mechanic's lien attaches to the land as well as improvements on the land. Mechanics' liens are purely statutory in origin, and a mechanic's lien may not exist unless it is expressly created by the terms of a statute. This form is a sample of a certificate of a lienholder that the debt secured by the release has been paid and stating that the lien should be marked discharged in the appropriate land records.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

Tax liens are involuntary and occur when a homeowner does not pay their federal, state, or local taxes. If this happens, a tax lien is placed against your property. This lien takes priority over all other liens and stays there until the debt is completely paid.

Common Types of Liens in Oregon Tax Liens. Judgment Liens. Mortgage Liens. Mechanics' Liens.

Subcontractors, employees, material suppliers, and equipment rental companies usually must provide a Notice of Right to a Lien to property owners in order to claim a valid lien if they are not paid. The Notice of Right to a Lien is available online at .oregon.gov/ ccb under Contractor Forms.

The judgment lien attaches to all real property that the judgment debtor acquires in the county at any time after the judgment is entered and before the judgment lien expires.

How long does a judgment lien last in Oregon? A judgment lien in Oregon will remain attached to the debtor's property (even if the property changes hands) for ten years.

In Oregon, construction liens generally need to be recorded within 75 days from the date the project was substantially completed, or 75 days from the date that the lien claimant stopped providing labor, material, equipment, or services, whichever hap- pened first.

The deadline to file a lien in Oregon is the earlier of 75 days after the claimant's last furnishing of labor and/or materials or 75 days after the completion of the project.

Property owners can be forced to pay the lien holder (the person claiming the lien) or face a potential court order to sell the property for payment. Property owners can be liable if the general contractor does not pay subcontractors, employees, materials suppliers, and equipment rental companies.

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Oregon Certificate of Satisfaction of Mechanic's or Construction Lien