I was prompted to attempt to answer the question to myself after noticing a similar question in a recent credit manager association group. I suppose we should first consider who does qualify for credit. Even in doing this, there are some basics to review. The Credit...
There used to be a time when a lien was considered taboo in the construction industry. If a contractor liened the job (often working for the builder), the reaction was pretty clear – no more working for that builder. For the average Joe who hasn’t yet cut his first...
The very act of hiring work out on your construction project creates the potential for a lien. The passage of the Michigan Construction Lien Act 497 of 1980 created the guidelines by which a lien was to be perfected. The Act protects both the owner of the real...
Customers ask me time and again how they can avoid getting a construction lien on their home or project. I don’t claim to have all the right answers nor can I offer legal advice. I do have something to share, and figure that this contribution will be a good...
I don’t suppose anyone plans to fail when starting a construction project. What with all that goes into a project, and especially in the economic climate of southeast Michigan, what more needs to be said? Profit margins are down, costs are up and continue to grow,...