Colorado Springs Colorado Demand of Supplier of Materials, Machinery, Tools, Laborers, or Services for Information Regarding Owner, Disburser, and Principal Contractor - Corporation

State:
Colorado
City:
Colorado Springs
Control #:
CO-29A-09
Format:
Word; 
Rich Text
Instant download

Description

This Demand of Supplier of Materials, Machinery, Tools, Laborers, or Services for Information Regarding Owner, Disburser, and Principal Contractor form is for use by a corporation from whom labor, services, machinery, tools, equipment, laborers, or materials have been ordered or contracted to be used in the improvement of property, to demand a statement from the person who has ordered or contracted the same, of the name, address, and telephone number of the owner or reputed owner of the land to be improved; the name, address and telephone number of the principal contractor, if any; the name, address and telephone number of the disburser, if any; and a legal description or the address, if any, of the land to be improved.

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FAQ

In Colorado, a mechanics lien expires within 6 months of the date the project was completed, or labor or materials were last furnished to the project; whichever is later. The lien claimant must file an action to enforce their lien claim before the deadline or the claim expires and is no longer enforceable.

If the lien on your property is not valid or it is not a legal lien, then you can take legal action. You will want to file what is called a spurious lien action. A spurious lien is an invalid or illegal lien. You must file a spurious lien action in court, and a judge eventually decides whether the lien is valid or not.

You can remove a mechanics lien only by one of two ways: The contractor records a release of mechanics lien; or. You file a petition with the court to release the mechanics lien.

A judgment lien in Colorado will remain attached to the debtor's property (even if the property changes hands) for six years.

If you need to sell your house, or refinance within the next couple weeks and cannot wait for the lien to become unenforceable you may want to file a surety bond with the court. The surety bond has to be 1.5 times the value of the lien. The District Court will hold the bond and the lien will be removed.

Steps to file a Colorado mechanics lien Fill out the right Colorado mechanics lien form. Using a mechanics lien form that meets the statutory requirements, fill it out completely and accurately. Send a Notice of Intent to Lien to the property owner.File your lien claim with the Colorado county recorder.

Notice of disburser notices are filed to put the lender on notice that a trade/supplier has done work on the project and that any loan proceeds that are designated for that trade/supplier, must be paid.

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Colorado Springs Colorado Demand of Supplier of Materials, Machinery, Tools, Laborers, or Services for Information Regarding Owner, Disburser, and Principal Contractor - Corporation