What does bonding off a lien mean step by step? Can the sub still file a claim?
“Bonding off a lien” usually refers to filing a bond to indemnify against lien under Subchapter H of Chapter 53 of the Texas Property Code, which provides that a lien that has been filed against an owner's property is discharged after: (1) a bond that complies with Texas Property Code § 53.172 is filed; (2) notice of the bond is sent via certified mail to the lien claimant as provided by Texas Property Code § 53.173; and (3) the bond and notice are recorded as provided by Texas Property Code § 53.174. Once this process is completed, the lien claimant can no longer sue the owner to foreclose its lien. Instead, the lien claimant must sue on the bond.