Liens Can Wreak Havoc on Funding

By Brian Stadler, Wolgast CEO

If you haven’t built a building in the last couple of years, you may be surprised when your banker tells you that they want to hire a Title Company to handle all of your payments to not only the General Contractor, but also directly to the General Contractor’s second tier Sub-Contractors.  On top of that, that they expect you, the owner, to guarantee to the Bank and the Title Company that the project will be lien-free during construction.