Just like most construction projects, your Sacramento roofing contractor may file a lien on your home before the start of a project. Find out how you may end up paying twice the amount of a project.
What’s a lien?
It is common practice among construction companies to loan the materials and the labor costs for a project. The final payment from the client is then used by the company to pay off all loans. A lien is filed on your home to ensure that all loans are paid off.
In the event that a loan has not been paid, the suppliers or contractors have the right to file a claim on your home until all debts have been paid off. Shady companies capitalize on the fact that liens can still be filed even if you’ve paid in full. There have been cases where homeowners receive claims from suppliers and workers after the payment has already been made to the company.
To protect yourself from getting scammed by less than reputable contractors, be sure that you get a lien waiver from any party who is eligible to file for a claim on your home. This way, you are released from any claims after you have made the payment.
Different lien waivers apply to different payment methods. In Sacramento, the most common are:
- Conditional Waiver And Release Upon Progress Payment
- Unconditional Waiver And Release Upon Progress Payment
- Conditional Waiver And Release Upon Final Payment
- Unconditional Waiver And Release Upon Final Payment
A licensed and certified roofing contractor ought to be able to explain to you which type would best suit a project. These are especially useful for progress payments. For peace of mind, be sure to choose an experienced roofing contractor to do all your roofing projects.