gerard2006
Member
- Jurisdiction
- New York
Folks
I have had a new system installed at home which isn't performing - just not heating the home as was claimed. The contractor has asked me to do a couple of things to fix it but they go against the design we agreed on and I am probably going to to to get it fully analyzed & fixed by another contractor. Currently, I paid 50% upon completion with 50% pending. I'm thinking of offering the contractor another 25% but will have to keep the remaining 25% to fix it with another party. But if it's not agreeable to him, I'm sure he'll file a mechanic's lien and have a few questions about this. I understand these are tough to answer without getting more specifics on the case but hoping somebody can provide a general response about what occurs in these situations. My hope is I can work out something with him
1) can mechanic's lien show up on credit report and affect future borrowing negatively. We already own our home and have always paid this and other bills on time but of course, we may want to finance cars, etc in the future
2) do mechanic's lien carry an interest charge
3) can mechanic's lien to any sort of foreclosure or will I simply have to deal with it when selling the home
4) can the contractor file a civil suit in court or their only option is mechanic's lien
Thanks
I have had a new system installed at home which isn't performing - just not heating the home as was claimed. The contractor has asked me to do a couple of things to fix it but they go against the design we agreed on and I am probably going to to to get it fully analyzed & fixed by another contractor. Currently, I paid 50% upon completion with 50% pending. I'm thinking of offering the contractor another 25% but will have to keep the remaining 25% to fix it with another party. But if it's not agreeable to him, I'm sure he'll file a mechanic's lien and have a few questions about this. I understand these are tough to answer without getting more specifics on the case but hoping somebody can provide a general response about what occurs in these situations. My hope is I can work out something with him
1) can mechanic's lien show up on credit report and affect future borrowing negatively. We already own our home and have always paid this and other bills on time but of course, we may want to finance cars, etc in the future
2) do mechanic's lien carry an interest charge
3) can mechanic's lien to any sort of foreclosure or will I simply have to deal with it when selling the home
4) can the contractor file a civil suit in court or their only option is mechanic's lien
Thanks