Differences between Mechanics Liens & Judgments

There is difference between mechanics liens and Judgments in the state of NJ.  

- Mechanics liens may only be placed on property by contractors, so they are unavailable to other industries.

• There is a filing deadline of 90 days for commercial properties and 120 for residential properties.
• This is generally from the last date worked or materials provided.
• The lien is good for 1 year unless extended, and the time to enforce the lien is limited.

- A Judgment is effective for 20 years and can be renewed for another 20 years.

• Judgments are available to all creditors, not just contractors.
• There are a variety of ways that a Judgment can be enforced, including liens on property, wage garnishments and levies on bank accounts.

We will be happy to advise you which is the best for you.

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