[quote=booter1] . . . If we do nothing and let the lien sit on the home, since we just moved in a few months ago and don’t plan on moving for several years, what happens then? . . . should I have done it differently? Contractor had solid references and no prior problems that I could find during the due diligence process.
Thx.[/quote]
If a subcontractor in CA who was not paid wishes to foreclose on a mechanics lien, they must avail themselves of judicial foreclosure. In your case, this means they can file a foreclosure suit against you to get a court order to take title to your property to sell it and recover their unpaid mat’ls plus attorneys fees. Whatever is left upon COE (sale) after they and their attorney is paid will be yours.
Your due diligence should have encompassed the contractor’s record with the CSLB AND their record of lawsuits in EVERY county they do business in.
