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

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