Embracing Mechanic’s Liens with Construction Loan Software

Posted by Contract Simply on 4/18/18 6:28 PM

In a “sunshine and rainbows” world, construction contractors do a stellar job, their draw request is approved, and lenders pay up - everyone is happy for the rest of time. Alas, as we all know, this is not always how construction loan management goes ‘round, and often both lenders and general contractors find themselves in a pickle with a contractor due to a late payment or slow payment processing. The pickle, in this case, is called a Mechanic’s Lien.

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Topics: Construction Loan Software, Mechanic's Liens

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