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Lien that's is turning into a "bond"

Hello I recieved a email from my contractor Because I put a lien on the property. In the email he stated that said they are going to bond around the lien for Dustin(me) while he sorts out the issues worh another contractor that indent owe any money to.

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Jun 22, 2020

Having your mechanics lien bonded off isn't necessarily a bad thing. In fact, then a mechanics lien is bonded off, that means, if worse comes to worst, funds are there to ensure that payment gets made. Essentially, when your lien is bonded off, the lien gets transferred from the property title to the surety bond. And, if filing an enforcement suit becomes necessary, the claimant will file that enforcement suit against the bond rather than the property. And, claimants should assume that their original enforcement deadline will apply. Though, that enforcement must also be made within 1 year from when you receive notice that the lien has been bonded off. Ultimately, if your lien does get bonded off, the steps for recovery should be pretty similar - and Levelset discusses potential next moves here: The 4 Steps to Take After Filing a Mechanics Lien. And, if it looks like the dispute won't be quickly resolved, consulting with a Texas construction lawyer will help to ensure you're paid what you're owed and that you don't miss any relevant deadlines.

Additional background on bonding off mechanics liens

For a more detailed understanding on how having a lien bonded off might affect recovery, here are some useful resources. - Lien Release Bonds: Bonding Off a Mechanics Lien - Don’t Be Afraid Of Threats To Bond Off Your Mechanics Lien - What does bonding off a Mechanics Lien mean? [Immediate steps to take]

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