Legal Question in Construction Law in Colorado
Release of Lien
A lien has been placed on our property by a sub-contractor. We have paid the contractor in full and have a statement from the contractor as well as a release of lien from him. The sub-contractor's lawyer has received this information, but refuses to release the lien. What can we do?
Asked on 6/05/03, 5:48 pm
1 Answer from Attorneys
Eric Fisher
Law Office of Eric A. Fisher. LLC
Re: Release of Lien
If you believe the lien is excessive or unjustified, you can file a lawsuit seeking damages. If the sub does not file suit to foreclose the lien within 6 months of last work, he will lose that right and the lien will expire. If you want to sell or refinance the property within 2 years, you might consider suit for excessive lien, otherwise let it lapse.
Answered on 6/09/03, 7:00 pm
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