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The owner of a property has bonded off our lien and sold the property. What now?

IllinoisBonding Off Lien

The article you sent says there is more that needs to be done to protect our claim. What needs to be done?

1 reply

Nov 12, 2020

The statute sets forth the procedures that are to be followed. Based upon your comment I am assuming the appropriate petition was filed to substitute the bond. The posting of the bond does not discharge the lien. To protect your interests, you should consult with an attorney, so the details can be reviewed.

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