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THE
LienMaster® SYSTEM
The LienMaster System enables you to
simplify and streamline the entire Lien and Bond Claim process. The System is easy,
efficient, and economical.
| 1. |
One office to handle all
your Preliminary Notices, Construction Liens and Bond Claims anywhere in the country. |
| 2. |
One
office to answer all your legal questions regarding a particular
state’s requirements or your specific situation. |
| 3. |
One
low fee to file anywhere in the country. |
| 4. |
LienMaster works in
cooperation with attorneys who specialize in construction law. All attorneys are carefully
selected based on reputation and experience. |
| 5. |
Monitoring Service provides
direct notification of crucial expiration dates. |
| 6. |
Express Service provided at
no extra charge. |
PROCEDURE
In order to file a Preliminary
Notice, Construction Lien or Bond Claim, anywhere in the country, simply provide
LienMaster with the basic information on the Placement Form. From that point on,
LienMaster will take care of everything to ensure your rights are quickly and properly
secured.
| 1. |
You will receive an
acknowledgment letter for your file. |
| 2. |
LienMaster will review the
information provided by the creditor in order to determine the best course of action. When
necessary, LienMaster will retain and work with local counsel in order to protect the
creditor’s rights. |
| 3. |
LienMaster will have the
necessary documents prepared, filed and served in order to comply with the laws of the
state where the construction site is located. LienMaster and/or local counsel will use its
best efforts to comply with state laws, using the information and time furnished by the
creditor. |
| 4. |
You will receive
confirmation from our office as soon as your claim has been filed. A copy of the document
will be sent to you, along with an invoice. |
| 5. |
You will also receive some
helpful advice, including pertinent deadlines in which to enforce your claim. LienMaster
will provide any information we may have on your debtor account, as well as some possible
solutions. |
| 6. |
LienMaster will continue to
monitor the file to keep you advised of your rights. |
| 7. |
Expert collection and legal
services are available to enforce your Lien or Bond Claim, if necessary. (Reduced Rates
Apply). |
FEE SCHEDULE
PRELIMINARY NOTICE
(Includes Notice of Furnishing, Notice to Owner, etc.)
| 1. |
Legal Preparation |
$100.00 |
| 2. |
Costs |
$25.00
|
| 3. |
Monitoring |
|
| 4. |
Legal Advice |
|
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$125.00 |
Preliminary Notices may be
required
by statute in the following states:
AL, AZ, AR, CA, FL, GA, IA, IL, KY, MA, MD, MI,
MN, MO, MT, NC, ND, NH, NJ, NM, NV, OH, OR, PA, SC, TN, TX, UT, VA, VT,
WA, WV, WY,and WI.
CA, MA and NJ may also
require recordation of the Notice.
An additional $25.00 may be required to
cover that cost in those three states.
MECHANIC’S LIEN
| 1. |
Legal Preparation |
$210.00 |
| 2. |
Legal Description/Title
Search |
$50.00 |
| 3. |
Costs
(Filing Fee,
Certified Mail, Overnight Delivery) |
$35.00 |
| 4. |
Monitoring Service
(Reminder of Lien Exp. Date) |
|
| 5. |
Legal Advice
(Options,
Collectibility, Etc.) |
|
| |
|
$295.00 |
-
The recording fees in many
states have increased significantly. If the fees exceed 35.00, LienMaster
reserves the right to pass those fees onto the client. If costs for a legal
description exceed 50.00, LienMaster reserves the right to pass those fees
onto the client.
-
In some cases, it will be
necessary to retain co-counsel to assist in the legal preparation and
filing. In those cases, total legal fees & costs will be
approximately $500.00.
-
The statutes of Delaware,
Maryland, New Hampshire, and Hawaii are unusual in that they require filing
a lawsuit simultaneously with the Lien. A higher fee may be required in
those four states. Connecticut, Pennsylvania and South Carolina may
require a sheriff to personally serve the Lien. The costs for personal
service will be charged in these states.
BOND CLAIM
(Includes: Miller Act on federal jobs)
| 1. |
Legal Preparation |
$215.00 |
| 2. |
Costs |
$35.00 |
3. |
Monitoring
Service, Legal Advice (as
described above) |
|
|
|
$250.00 |
In some cases, both a
Mechanic’s Lien and Bond Claim can be filed on the
same project. If you would like LienMaster to proceed with both claims, the
Bond Claim will only be $125.00.
INTENT TO LIEN
/ UNJUST ENRICHMENT CLAIM
| 1. |
Legal
Preparation |
$145.00 |
| 2. |
Costs |
$35.00 |
| 3. |
Monitoring
Service, Legal Advice (as
described above) |
|
| |
|
$175.00 |
RELEASE OF LIENS
(Includes: Discharges, Satisfactions,
etc.)
| 1. |
Legal Preparation |
$50.00 |
| 2. |
Costs |
$25.00 |
| |
|
$75.00 |
| INVESTIGATION |
$95.00 |
| To
determine whether or not you are protected by Lien and/or Bond rights, without actually filing a Claim |
|
| ATTORNEY
ESCROW SERVICE |
$100.00- |
| Legal
representation to negotiate and obtain check for client |
$350.00 |
* LienMaster reserves the right to pass on additional minimal costs for items such as:
Courier expenses, title searches, rush service, and recording charges for large documents.
SPECIAL COLLECTION RATES
*Contingent Upon Collection*
At the time you initiate a Preliminary
Notice, Mechanic's Lien, or Bond Claim with LienMaster, or after such
time, you may also wish to place the matter with us for collection or
suit. At such time, the collection division of MCC will commit all its
resources towards resolving the account. If necessary, we will retain a
local attorney in order to file suit to enforce your Lien or Bond Claim as well
as to file suit against the debtor for non-payment. You are then entitled
to the following "Special Collection Rates":
Amount of Claim |
IF MCC COLLECTS |
IF MCC RETAINS
LOCAL ATTORNEY |
IF SUIT IS FILED |
| Up to $10,000 |
18% |
25% |
30% |
| $10,001 to $20,000 |
15% |
25% |
30% |
| $20,001 to $50,000 |
12% |
23% |
28% |
| $50,001 and Above |
10% |
20% |
25% |
The above rates are entirely contingent upon
collection of funds. There is no charge if no funds are collected.
When an account is placed with an attorney for
suit, the attorney may require court costs and a "nominal" non-contingent suit
fee. The attorney’s non-contingent suit fee will be no more than 5% of the claim. MCC
will always negotiate with the attorney to keep the suit fee to a minimum.
The above rates are subject to change, based on
factors such as age of the account and solvency of the debtor company. No change will be
made without client’s approval.
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