Home>Levelset Community>Legal Help>What to do after GC bind our lien?

What to do after GC bind our lien?

New YorkBonding Off LienForeclosureLawsuitMechanics Lien

We have recently filed our first lien through your service. GC responded that he will be binding lien tomorrow. We have all rights to believe our lien is valid and we have multiple proofs of account being well stated. Please advise what should be our next step.

2 replies

Jul 10, 2019
That's a good question. I'll assume you're referring to a mechanics lien being bonded off. When a lien is bonded off - the claim doesn't disappear, and it could still lead to recovery. However, the method of recovery changes a bit. Rather than the lien attaching to the property title, when a lien is bonded off, recovery would ultimately come from the surety bond itself since it's been essentially substituted for the property.

Generally, when a mechanics lien gets bonded off, the next official step would be to enforce the claim against the bond, just like a lien claimant would enforce their filed mechanics lien. As far as timeframes go - it appears that the timeframe for enforcing a New York mechanics lien that's been bonded is the same as the timeframe for enforcing a regular old New York lien. And, in New York, a lien claim is generally effective for one year after it's filing.

Of course, it's typically a good idea to try and negotiate payment and try to resolve a dispute before it comes down to a lawsuit. Often, by threatening an enforcement action, a claimant can show that they're serious about recovery and won't go go unpaid. But, ultimately, if enforcing the claim does become necessary - it's a good idea to consult a local construction attorney before proceeding since enforcement requires legal action. For a little more background on the New York lien law timelines, here's a great resource: New York Mechanics Lien Overview.

Further, here's another article that should be valuable: Don’t Be Afraid Of Threats To Bond Off Your Mechanics Lien: Explaining Mechanics Lien Bonds.
0 people found this helpful
Sep 23, 2022
I had doubts because I was scared of being defrauded again online, but HACK MAVENS changed my perspective and gave me reasons to own a home. They did a very superb job in fixing my credit. They had my bankruptcy cleared and my score boosted from 525 to 788 excellent score across the three major bureaus. I strongly recommend HACK MAVENS to you reading this. One thing I like so much is that, they were able to achieve it all within 5 days. Don’t hesitate to contact them via; HACKMAVENS (AT) GMAIL DOT COM / +1 (714) 312 – 6740. They are second to none!
Report Spam