Let The Iowa Lien Bond Help

November 27, 2017 by · Leave a Comment 

An Iowa lien bond can apply to removing a lien or placing a lien on a property. A lien on a property can halt the sale of property and cause its owners to incur more legal costs and fees. Liens are typically placed on property for failure of payment of services. Contractors, plumbers, electricians, etc. are living off their trade. When that trade isn’t compensated as agreed up, negative situations can arise including property liens.

Courts understand how detrimental a lien can be, so they require the plaintiff seeking a lien to cover the value. This requirement can be waived if it places an undo financial burden to pursue the lien and the unpaid funds. There’s a lot a lien bond can do and it’s important to know which one you need most. No matter if you’re trying to understand a lien bon in Des Moines, Cedar Rapids, Davenport, or Waterloo, a surety bond expert can help.

Why Does Iowa Use Surety Bonds?

Iowa stands with the rest of the nation when it comes to surety bonds because they offer a great source of protection for its residents and consumers.  Iowa surety bonds cover a wide range of services and actions from legal actions like wage garnishment to business licenses for travel agents. These surety bonds offer a legally binding agreement that protect against wrongful action.

Without surety bonds, Iowa residents would be forced to put up other sources of collateral. .For an Iowa lien bond, for example, the surety bond covers the full value of the lien. Without the bond an individual would need to offer up cash to cover the full value within a matter of hours. That is not a doable task for most.

Is A Lien Bond Always Required?

A lien bond is typically required whether you are the party seeking the lien or wishing to remove it. The only way the lien bond mandate can be waived is if the court approves it. The court can approve the waiver unilaterally or can seek the opinion of the other party (defendant or plaintiff).

Are Iowa Surety Bond Experts Available at Jurisco?         

Jurisco is a nationwide surety bond company with a team of Iowa surety bond experts serving clients across the state. Jurisco works with clients in towns large and small to make sure they receive the best Iowa lien bond experience possible. The lawyer-trained staff understand all lien bond requirements and can secure the best Iowa lien bond rate with same-day service.

Have questions about Iowa lien bonds? Contact Jurisco to speak with a bond expert about an Iowa lien bond.

Overview Of Court Bonds

January 13, 2016 by · Leave a Comment 

Court bonds are specific types of surety bonds used in court actions. Both a plaintiff and defendant may use a court bond. All states recognize this brand of surety to cover actions taken either before or after a judgment.

Goal Of A Court Surety Bond

court bondsThe reason why courts across the country accept a court surety bond is due to the bond’s ability to protect against a wrongful action. A surety bond protects a plaintiff from an action taken by the defendant and vice versa.

Typically, it is the desire of this coverage that leads courts to mandate the bond. So no matter what action either party wants to take they must secure court bonds to prove to the court that the action isn’t done with wrongful intent.

Plaintiff Court Bonds

There are several types of plaintiff bonds including the following:

  • Garnishment Bond
  • Attachment Bond
  • Injunction Bond
  • Lis Pendens Bond
  • Lost Instrument Bond

Each bond is related to a particular action. A garnishment bond, for instance, only applies to a plaintiff wishing to garnish the wages, assets, or bank account of the defendant. The same goes for the plaintiff wishing to stop the defendant from doing something. An injunction bond helps halt most actions.

Defendant Court Bonds

Some of the most common defendant bonds are:

  • Appeal Bond
  • Stay Bond
  • Counter Replevin Bond
  • Transfer of Lien Bond
  • Release of Lis Pendens Bond

Like plaintiff bonds, defendant bonds are connected by the desired action. Court bonds can be used to allow an action to happen or to stop an action already in progress. If a plaintiff, for example, uses a replevin bond to seize property, a defendant can use a counter replevin bond to regain possession.

Bail Bonds

Perhaps the most commonly thought of court bonds are bail bonds. A bail bond is when a defendant is released on bail with a promise to return to court.

Bail surety bonds are more affordable than paying the entire bail amount. Since only a small percentage of the overall bail is due with a surety bond more people are able to leave jail before their hearing.

The use of bail bonds has been called into question from time to time. In Indiana, there is discussion over whether or not cash court bonds should still be allowed. A judge in Indiana wrote an op-ed describing the benefits of court bonds.

Jurisco is staffed with surety bond experts who can answer any question about court bonds. Contact Jurisco today to start the fast court bond application process.

Explain Surety Bonds

June 8, 2015 by · Leave a Comment 

Explain Surety BondsPerhaps one of the best ways to explain surety bonds is thinking of it as a sort of insurance policy. Should anything go awry in a legal case or proceeding, a surety bond is the net that catches the downfall, insuring plaintiffs and defendants do not lose money, property, and the like without any recourse. When clients come to Jurisco they can be looking for a wide range of surety bonds to protect themselves and their clients.

In the general populace, people often think of bail bonds or construction bonds when they think of surety bonds, but that isn’t completely correct. When it comes to the judicial realm, lawyers, defendants, and plaintiffs use surety bonds to protect themselves during court proceedings and in the event that the outcome doesn’t come out in their favor.

A Few Types Of Surety Bonds

There are different types of surety bonds that a plaintiff or defendant may require. A defendant, for instance, will require an appeal bond in order to stay a judgement while the appeal process takes course. On the other hand, a plaintiff would need a replevin bond to show the court good faith that they have the right to place a lien on property before the court makes its final judgment.

In short, all surety bonds show the court that whatever action that is requested or already being taken will be reversed in due order should the court rule against the move. This protects both parties involved and guarantees there will be no financial loss on other side.

When To Apply For A Surety Bond

Some surety bonds are required before an action can be taken while others become necessary during the trial or after a judgment has been reached. Talking to one of our surety bond experts is the first step in understanding what may or may not be necessary in any given circumstance.

It is best to be prepared for whatever comes up. For example, if the defendant doesn’t even have an appeal on his or her radar they could come into trouble at the end of the case. They could be forced to pay up or give up property without little recourse and hope that if they win the chance at an appeal they will be able to reclaim their property back in the same condition.

Rule of the surety game: be prepared. Have the bond that your client needs for their case in all scenarios. The surety bond will protect the firm, the client, and the process, allowing things to operate smoothly without any unnecessary hindrance.  If you have any questions, please don’t hesitate to contact the surety bond experts at Jurisco

 
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