Refinance with a Mechanical Lien

[Ed Ibañez]

Dear BP Community, 

I want to refinance my property but I currently have a mechanical lien from a contractor. I had a contractor that did not pull permits and did not do work according to the contract we had. I fired them and they put a lien on the property for a ridiculous amount that makes no sense. I am in the process of arbitration with the contractor to remove the liens but given COVID-19 the hearing has been pushed back. 

Is it possible to refinance with a mechanical lien? If so, do you have any recommendations for Colorado? The original loan was a FHA 203k loan.

Thanks, 
Ed