Materialmans Lien


Definition of "Materialman's lien"

Legal lien on property on behalf of an individual who has not been paid for material furnished in constructing property. The material enhanced the value of the property, and as such the provider of the goods must be compensated.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Credit Risk

Possibility that a borrower will not be able to service the debt (pay the interest on the borrowed f ...

Accidental Death Insurance

Coverage in the event of death due to accident, usually in combination with dismemberment insurance. ...

Common Law Defenses

Arguments composed of assumption of risk, contributory negligence, and fellow servant rule. ...

Involuntary Lien

A lien on property such as for the nonpayment of real estate taxes or mechanic's lien for repairs to ...

Commercial Multiple Peril

Same as term Commercial Package Policy (CPP): insurance policy that is commercial lines in orientati ...

Independent Contractor

Self-employed contractor who may perform work on a structure such as residential or commercial prope ...

Related Real Estate FAQ

What Is An Inspection?

An inspection is a close and thorough examination of a house and property. A licensed individual usu ...

What Is A Closing?

The process of finalizing all the dealing associated with the sale and purchase of a home. (Also kno ...

What Is A Balloon Mortgage?

A type of mortgage in which the loan amount is amortized over the full length of the loan (usually 3 ...

What Do I Need To Know About Pet Insurance?

If you own a pet, i\'m sure you\'ve been in a situation where the vet bills have been much higher th ...

What Is A Seller Takeback?

A seller takeback is a type of financing in which the seller arranges for the financing on a propert ...

What Is An Assumable Mortgage?

A type of purchase in which the buyer assumes the responsibility of making payments on a sellers hom ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

What is the Best Time of Year to Buy a Home? Rent or Buy - the pros and cons 7 Things to Consider Before Moving to a New City 10 Tips for Homebuyers When to Dispute Your Home Appraisal

FAQ

What is a private Mortgage? What is escrow? What is a survey? What does Fannie Mae mean? What is equity?