Escrow & Title
In New York, a 'mechanic's lien' is filed by:
AA lender who has not been paid back on a mortgage
BA contractor, subcontractor, or materialman who has not been paid for labor or materials provided to improve real property✓ Correct
CThe county assessor when property taxes are unpaid
DA judgment creditor who has a court judgment against the property owner
Explanation
Under New York's Lien Law, a contractor, subcontractor, or supplier who has not been paid for work or materials furnished to improve real property may file a mechanic's lien (also called a construction lien) against the property. The lien must be filed within specified time limits (4 months for one-to-four family dwellings, 8 months for other properties) and enforced within 1 year.
Related New York Escrow & Title Questions
- A New York seller's attorney sends the deed to the buyer's attorney at closing. At what point does legal title to the property pass to the buyer?
- In New York, the county clerk's office records which of the following documents?
- In New York, a 'judgment lien' on real property arises when:
- In New York real estate closings, the 'HUD-1 Settlement Statement' has been replaced for most residential transactions by the:
- In New York, 'proration' at closing refers to:
- In New York, ACRIS (Automated City Register Information System) is used for:
- A mortgage satisfaction (discharge) should be recorded because:
- In New York, the attorney for the seller typically conducts the closing, which involves:
Practice More New York Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New York Quiz →