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Updated almost 10 years ago on . Most recent reply

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Eric Goulston
  • Investor
  • Washington, DC
0
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2
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Can i put lien on a co-owned property?

Eric Goulston
  • Investor
  • Washington, DC
Posted

I have a property that was intended to be renovated and sold in Maryland. There are 3 other partners involved and we created on LLC, each with 25% ownership. Unfortunately construction was being done by one of the partners but no formal contracts were signed. My job was to invest $ in the project and costs keep escalating.

I'm wondering if i can file a lien for the amount i've invested so that i get paid back first in the event we have to sell it at a loss.  I already have the primary lien because I purchased it from the hard money banker after it was in default to avoid high interest rates.  Do I need everyones consent to file the lien?

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