A Mechanics Lien Release Bond serves as security in lieu of real property for a lien claim has been served against said property.
Please note, once the request is received, a supplementary application will be emailed over for completion. We will also need a copy of any court documents related to the court case.
We only have markets available where at least 100% collateral will be required in addition to the annual premium.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Mechanics Lien Release Court Bond holds you accountable for your decisions.
By possessing a Mechanics Lien Release Court Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your decisions.