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Updated over 10 years ago on . Most recent reply

User Stats

47
Posts
11
Votes
Allison Ezzi
  • Investor
  • Richmond, VA
11
Votes |
47
Posts

Lien Waiver for contractor

Allison Ezzi
  • Investor
  • Richmond, VA
Posted

HI BP!

I am trying to get a better understanding of lien waivers and how they work. I get the overall concept but recently we learned that the state of North Carolina changed things and now requires a lien waiver agent? Is anyone familiar with lien waiver agents?

We are working with a private "lender" who wants lien waivers for draws on a construction loan.

Not a very exciting topic ...but please do share any advice...thank you!

Allison

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