Categories
Glossary

Mechanic’s lien foreclosure

Mechanic’s lien | A claim created by state statutes for the purpose of securing priority of payment of the price or value of work performed and materials furnished in erecting or repairing a building or other structure, and as such, attaches to the land as well as buildings and improvements erected thereon.

[tubepress mode=’tag’, tagValue=’Mechanic’s lien foreclosure’]