Mechanics Lien Release Bond
A Mechanics Lien Release Surety Bond is a surety bond required if the owner’s property has had a lien filed against it. A lien is typically filed by a contractor on the owner’s property when they are in dispute with the owner over payment for services provided. The lien is a means by which the contractor seeks to obtain payment from the property owner for work and/or materials provided. The release of lien bond allows the owner to discharge the mechanic's lien and returns the legal right to sell or deal with the property to the owner. The bond guarantees the contractor who placed the lien any payment that is still due to them with interest and cost should they win the case in a court of law.
As a national bond broker with a full line of commercial surety bonds, Allstar Surety makes applying for a mechanics lien release bond easy. We’ll help your insured obtain a mechanics lien release bond from us quickly, and at a competitive price.