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General Contractor's Lien Notice of Lien Mechanic Liens Corporation or LLC Illinois  Form

General Contractor's Lien Notice of Lien Mechanic Liens Corporation or LLC Illinois Form

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Instructions and help about General Contractor's Lien Notice Of Lien Mechanic Liens Corporation Or LLC Illinois

The Illinois mechanics lien act is a statutory enactment that provides a powerful tool for contractors and material suppliers perform work on your property in order to get paid. Contractor and material suppliers have the ability to place a lien against title to your property and foreclose on that lien in the event the owner doesn't pay the general contractor or the general contractor doesn't pay the material suppliers or subcontractors. This lien on your property can be foreclosed in a judicial action and if judgment of foreclosures is entered your property can actually be sold and the proceeds of sale would go to pay the contractor or material supplier hasn't been paid

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