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Mechanic’s liens continue to cause hurdles as economic slump continues
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Industry News
Tuesday, January 17, 2012
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The down economy has affected many aspects of the real estate market and changed the way title industry members have to do business. Right after the crash, one thing that triggered a portion of the industry’s losses was mechanic’s lien claims, as is often the case at the beginning of an economic downturn. While these claims have subsided in some areas, others are still struggling with claims. In the last few years, some states have amended their laws to curb these kinds of losses, yet new areas of mechanic’s liens may be poised to appear.
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