Site: nolo.com
... contractors, subcontractors, and suppliers to secure and obtain payment for work that they performed on real ... For the same reasons, banks are hesitant to lend against real property that is encumbered with liens. ... As the owner of a piece of real estate, you will never be pleased if a contractor, subcontractor, or ... ” because they do not represent the value of the work, labor, or materials contributed to the real ...