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Hello: This is Attorney Phillips. Welcome to Justanswer! I am reviewing your post, and I will post my response very shortly. Thank you for your patience.
Yes, you are correct. However, your statement indicates that the contractor would put a lien on the property if you do no agree on the amount to close out the contract. So, in essence, if you do not agree, you would be owing the contractor. So, the contractor can put a lien on your property. However, you may be able to get that lien released by filing a Motion with the Court and asking for the release. You have to tell the Court about the substandard work of the contractor and why you needed to buy him out, but he would not agree to a reasonable offer.
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