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FULL UNCONDITIONAL WAIVER OF LIEN I/WE HAVE A CONTRACT WITH Other contracting party TO PROVIDE FOR THE IMPROVEMENT TO THE PROPERTY DESCRIBED AS HAVING BEEN FULLY PAID AND SATISFIED ALL MY/OUR CONSTRUCTION LIEN RIGHTS AGAINST SAID PROPERTY ARE HEREBY WAIVED AND RELEASED. SIGNED ON Name Signature ADDRESS TELEPHONE WARNING DO NOT SIGN BLANK OR INCOMPLETE FORMS RETAIN A COPY.
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Hey everyone JP Moses with REI tips and REI ology and over here on this side of me I got Brian the Wisconsin guy meiyan meiyan meiyan vitam hey CP it's like we just met or something the reality is not only is his name listed above his head in this image but Bryan has been a friend of mine for years we met quite a number of years ago at a in a restaurant actually in Baltimore we were both at a Steve cook event he is one of my fellow flip VIPs for those of you who tuned into the ass the flip fibs calls he's also a faculty member at REI ology calm he helped us out with the deal evaluation intensive he does a crapload of short sales in the Wisconsin area also does some transactional funding at is it get all the money you need ever for your entire life for your deals calm what is it okay cash for my closing calm - my closing comment it great great deal on on transactional funding the reason I asked main here is because he shared a form with a number of us in the flip flips the other day somebody you know we just have a private little email group and we'll if we need a form that we don't have we'll shoot a request out and somebody asked for a lien waiver that we could use for getting a contractor actually to waive a potential contractors lien and Brian shot went over and I said hey man we need to add I realized I didn't have one of these in my my packet of form that I like to to give to my friends and family so I said can I add this to my packet of forms he graciously said yes and I said in that case let me go ahead and assume the sale and that is that you will get on the video with me and kind of just talk about the philosophy of using a form like this so before we take a look at the form let me just ask you my friend how have you used or how would you use a lien waiver such as this in your real estate investing endeavors I it's very very simple form I use it all the time and with my coaching students what I tell them is anytime you're handing a tech out of one hand to a contractor in the other hand at the same time you're getting back this lien waiver so it's very very important it's very very simple but if you don't use it it can haunt you down the road so just get in the habit of every time you're cutting a check to to one of your people are providing a service at one of your properties make sure you get that lien waiver plus when you go to close at least here in Wisconsin the title companies want copies of all of your lien waivers from all of your contractors so you need them for that as well now tell me why you would need a lien waiver besides to meet that requirement I mean just paint a picture for those who may not be familiar with what the risk is in dealing with contractors and their liens sure you could simply as you know you pay a you know your cement guy to pour a new sidewalk and you don't sign the lien waiver you pay the guy and he comes back to you and says he's never gotten paid before and it's just a very easy form and say yes I was...