What is an Alaska Stop Notice and why should it be filed?
LienItNow.com prepares and serves Alaska Stop Notices for a fee of $100.00. A Stop Notice is a notification that has the ability to enhance the effectiveness of a mechanics lien. A Stop Notice, or a notice to withhold funds, is sent to the company that is financing or funding the construction funds for a project. Once that company receives the Stop Notice, that company has notice that it should withhold sufficient money to satisfy the stop notice claim. The purpose of the Stop Notice is to provide the lender, financiers or funders of the construction project notice that there is money owed to a contractor, subcontractor or supplier so that an inquiry can be made as to why that money is not being paid. Alaska Stop Notices remain in effect for 90 days.