Re: Construction Lien
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oh, a lien on your house doesn't do any to you or the house until you try to sell it.
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Or refinance or try to get a second mortgage or home equity loan. Don't know what the law is in Colorado, but in Illinois a mechanics lien is only good for 2 years.
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In all likelihood, on a private job your state's law requires that the lienor sue to foreclose his lien within a certain amount of time (usually a year) or his lien will expire. The result of such a suit is, technically, a sale of the property to satisfy the lien. While I am sure your case would never get this far, you should be aware that there can be more to a contractor filing a lien than simply hindering you from alienating your property.
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