California Mechanic’s Lien Process

Most real estate owners will, at some point, use a contractor to build or improve upon their property. This is generally a straightforward process wherein the contractor arranges the project according to the terms of the contract, and sees it to completion. The satisfied owner then pays the bill. What happens when the contractor finishes the project, but the customer refuses to pay? That’s where the mechanic’s liens apply.

The California Mechanic's Lien Process
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Mortgages, Security Instruments, and Promissory Notes in Alabama

The short definition of a mortgage is that it’s a loan used to purchase real property. In Alabama, the mortgage is comprised of two parts: the security instrument and the promissory note. A security instrument is a specific type of document that provides security for the lender and contains terms (agreements) that apply until the buyer (borrower)repays the lender according to terms defined in an attached promissory note.

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Gift Deeds and Gifts of Real Property

A gift deed, or deed of gift, is a legal document voluntarily transferring title to real property from one party (the grantor or donor) to another (the grantee or donee), typically between family members or close friends. Gift deeds are also used to donate to a non-profit organization or charity. The deed serves as proof that the transfer is indeed a gift and without consideration (any conditions or form of compensation).

Gift Deeds and Gifts of Real Property
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Giving Up Ownership of Real Estate When You’re Still on the Mortgage

Don't get locked out of the house while stuck in the mortgage

It’s every homeowner’s nightmare scenario: you get a phone call from a mortgage company, telling you your home is in foreclosure and that you must pay now or face an avalanche of debt and legal actions. But you signed the house over to someone else months or even years ago! How does something like this happen?

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What is a Mechanic’s Lien?

The complete guide to the mechanic’s lien process.

In general, a lien is a type of property right which grants a creditor an interest over specific property of the debtor named in the lien. The lien is used as security for the debt or for performance of some act. A mechanic’s lien is a security interest in the title to property for the benefit and protection of those who have supplied labor or materials that improve the property. Despite its name, mechanics are not the only individuals entitled to such a lien. Mechanic’s liens are used to ensure payment of debts related to real property (such as land or real estate) and personal property (such as an automobile or equipment).

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