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mechanics lien - bonding

New YorkBonding Off Lien

I am about to sell a property which has a mechanical lien. Because of Covid, the litigation has been suspended. We have not received a new court date yet. The reason there is a mechanics lien is due to me sewing the cement company who quit in the middle of the job and I sued them. They, in turn, put a mechanics lien on my property. I had paid for all work the company had done. What company bonds a mechanics lien so I can move forward with the sale of the house?

1 reply

Jun 11, 2020
Most surety or fidelity companies will be able to assist you in bonding off your lien. Keep in mind, that bonding off a lien in New York requires posting a bond of at least 110% of the lien claim. The first few national companies that come to mind are Surety One, JW Surety Bonds, and Viking Bond Services. There are likely local New York surety companies that also may be able to help you bond off the claim. Most companies will refer to these types of bonds as either a "Release of Lien Bond," "Lien Discharge Bond," or simply a "Mechanics Lien Bond." For more information on bonding off liens, see: A Primer on Mechanics Lien Bonds & Bonding Off a Mechanics Lien
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