Mechanic's Lien Primer for the NY Real Estate Lawyer: Understanding the Mechanics of Mechanic's Liens and Why They Might Matter on Your Next Deal

(226 Ratings)

Produced on: March 24, 2017

Course Format On Demand Audio

Taught by

Categories:

Course Description

Time 52 minutes
Difficulty Beginner

In an uncertain economic and real estate climate such as today's, it is important for the successful real estate practitioner to have a fundamental understanding of construction/mechanic's liens. Often touted by contractors and subcontractors as the ultimate protective measure of their payment interests, the filing of a lien against a property or project and the resultant clouding of title can have real world dire consequences for the property owner and developer, the present and future financing of the affected real property, and the overall success of a project.

Through an in-depth overview of the mechanics of mechanic's liens, Jeffrey Escobar covers from a real estate practitioner's perspective what exactly a mechanic's lien is, its purpose, the effect such a lien has against existing and future real property interests and title, the best practices you can use to ensure that your secured interests prevail over that of potential mechanic's liens, and why mechanic's liens might fundamentally matter on your next deal.

Learning Objectives: 

  1. Understand what a mechanic’s lien is and its purpose
  2. Explore the effects mechanic’s liens have on real property interests and title
  3. Examine the consequences a lien against a property can have on a property developer, and future financing of your project
  4. Discuss best practices to ensure that your secured interests prevail over potential mechanic’s liens 

Faculty

Jeffrey R. Escobar

Chadbourne & Parke LLP

Jeffrey R. Escobar is Counsel in the New York office of Chadbourne & Parke LLP. Concentrating on construction transactions and practices, he has led and advised clients on the development, construction and risk management of hundreds of large and complex vertical and horizontal construction projects across the country.

Jeffrey's practice primarily focuses on the negotiation, structuring, drafting and documenting of complex design, engineering and construction transactions representing both institutional and private clients, as well as the structuring, negotiating and drafting of joint venture and development agreements, development management agreements, property management agreements and project management agreements for an array of real estate development projects on behalf of project owners, real estate companies, closely-held developers and private equity funds.

Honored since 2014 as a New York Rising Star in Real Estate Construction in New York Super Lawyers by Thompson Reuters, Jeffrey continually provides clients with key insight and in-depth knowledge into every stage of real estate development, design and construction, from the construction of a professional sports arena and the only aerial commuter tramway system in the country in New York City, to the development and construction of luxury apartment communities in Los Angeles County and the development of renowned luxury-brand resorts and hotels in Hawaii and South Florida. From luxury resorts, hotels and leisure facilities, high-end fashion retail venues, commercial office buildings and skyscrapers and large scale residential development and apartment condominium complexes to healthcare and life science facilities, professional sports stadiums and entertainment venues, transportation facilities, infrastructure construction, and residential properties, there are no projects to small or too large that Jeffrey has not yet built.

From acquisition, finance, pen & pencil through shovel and gavel, Jeffrey provides clients with real “boots on the ground” and innovative advice and guidance through every stage of construction, applying a deep sense of practicality and business acumen to support clients in the successful completion and delivery of projects across the country and abroad.

 Before joining Chadbourne & Parke LLP, Jeffrey led the construction practices services of the Real Estate group at one of the top ranked international corporate law firms in the country and was associated with the top Chambers-ranked construction law firm in the United States.

Reviews

CM
Christina M.

Covered the material well.

MM
Meredith M.

Very thorough and easy to follow presentation. I highly recommend.

HR
Holly R.

Good presenter, clearly knowledgeable. Thank you!

HL
Hubert L.

Very clear and informative

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$ 59 Real Estate In Stock

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