The Real Estate Encyclopedia
Mechanic's Lien
Category - Real Estate Glossary - Real Estate Terminology
1.  A lien created by statute in favor of contractors, laborers, and materialmen for the purpose of securing priority of payment for the price or value of work performed and materials furnished in construction or repair of improvements to a property.

2.  A non-voluntary, statutory lien recorded against a specific property in favor of contractors/materialmen for unpaid improvements made to the property. A mechanic's lien priority is established when the improvements were begun (visible to the eye test) rather than when it was recorded. The lien must be coupled with a court action to be perfected


References
 
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Real Estate Glossary - Real Estate Terminology
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