Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Contractors, release of lien
Listened to a BP podcast this morning about flipping and contractors, and heard about getting them to sign a release of lien so they dont come back and try to lien your property if the general doesnt pay the subs or whatever other reason. Where can I get this "release of lien"? Is this a common document you can find in an office store? Do I write one up myself? Do I ask an attorney? What is a release of lien (I know what it means, but what is it, physically, a piece of paper that I can download somewhere? Something an attorney would have?) Where can I find this? I have some old rentals in need of serious repair right now, and I am about to hire someone to do $12,000 worth of work on one, I'd like to get that release of lien first. Thanks.