I just received a release of Mechanics lien bond from the Contractor. Can someone advise what this means?
This means that the contractor "removed" your lien from the property by filing a cash or surety bond. Its good news for you, meaning that there is now a means to collect your money that is much simpler than actually foreclosing on your lien. There is probably a surety company in essence guaranteeing that it will pay the amount due to you, provided you take the proper steps. Please contact me by email or at (404) 500-6302 if I can help further.