Are lien waivers required in Illinois?
Does Illinois require a specific statutory lien waiver form? No, Illinois does not require or provide statutory forms for lien waivers.
What states have statutory lien waivers?
Some States Have a Required Waiver Form That’s because in 12 states the actual waiver form used is mandated by that state’s lien law. The states are Arizona, California, Florida, Georgia, Massachusetts, Michigan, Missouri, Nevada, Utah, Mississippi, Texas and Wyoming.
How long is a lien good for in Illinois?
seven years
How long does a judgment lien last in Illinois? A judgment lien in Illinois will remain attached to the debtor’s property (even if the property changes hands) for seven years.
How do you put a lien on a house in Illinois?
A lien attaches to real estate that you own. In Illinois, a court judgment must first be recorded with the Recorder of Deeds in the county where the property is located. The creditor must record the judgment even if the property is located in the same county where the judgment was entered.
What is a lien waiver release?
A lien waiver is quite common in the construction business. Essentially, it is a document from a contractor, subcontractor, supplier, or another party who holds a mechanic’s lien that states they have been paid in full and waive future lien rights to the disputed property.
How do you get a satisfied lien?
How to Obtain a Lien Release
- Satisfy the terms of the loan by paying the balance of the loan back to the lender, including any interest incurred.
- If you don’t receive the lien release, submit a request to your lender for proof that the loan has been satisfied.
How do I get rid of a lien on my property in Illinois?
When a lien has expired, it should either be automatically dissolved, or an owner should be able to remove the lien without an extensive, drawn-out process. Something as simple as a mere filing by the property owner (with notice to the lienor) should be possible to discharge a lien.
