Receiving a release of lien in Florida is simple when working with a reputable surety bond company like Jurisco. A Florida surety bond expert will quickly help resolve a lien situation with their thorough understanding of state statute. By securing a release of lien Florida bond, the lien can be removed from the property or assets.
What is a lien?
A lien works as a hold on a property. The owner cannot sale the property or transfer ownership in any way. Liens are generally placed on property because of payment disputes. Florida child support cases may even result in liens.
A contractor who doesn’t pay a subcontractor may be another reason why a lien is placed on property. Even if the property owner has receipts of bill payments, the court will allow a lien until the matter is heard. One way that liens can be avoided is by having a contractor, and their subcontractors, sign a lien waiver.
Florida statute details lien causes and how they can be removed. The alleged debt can be contested in court, but until a ruling is made, the lien will stay on the property. To remove the lien, a release of lien Florida surety bond can be used.
Liens and Foreclosures
One reason to secure a release of lien Florida bond is to remove any limitations on the property. Liens may not only block the sale of a house, but they can add to the cost of foreclosure. When a foreclosed property is tangled up in liens, the fines go up, as does the stress level. This story about Florida condominium owners and liens is just one of the warning tales out there.
The release of lien Florida bond does not mean that the party is in fact owed money. Instead, it clears the property of a lien by standing in its place. The release of lien Florida surety bond takes the place of the lien, while giving the court time to hear the case. By having a release of lien bond, the property is once again in the clear.
Release of Lien Bond
Don’t let a lien cause problems. Remedy the situation with the help of a surety bond professional. Contact Jurisco today to learn more about release of lien Florida requirements.
The release of lien Florida requirements are pretty straightforward. A court will accept a surety bond covering the amount due which caused the lien. This removes possibility of the property being seized or lost.
Use Bond To Remove Lien
A release of lien Florida surety bond is required of any person or business wishing to remove a lien. A mechanics lien affects real property, automobiles and admiralty.
To secure a release of lien Florida bond quickly it is important to know two things. First, the amount of the judgement being appealed or sought. Secondly, which jurisdiction in Florida is the lien held.
Allowing a lien to stay against property can have very negative consequences.The surety bond guards against those consequences.
Obtaining A Release Of Lien Bond Fast
It is easy to secure a release of lien Florida surety bond. This in part because of the acceptance of bonds judicially.
It is considered a norm for judges to allow a release of lien Florida bond to cover the debt which led to the lien. Florida sees the release of lien bond as a measure of good faith that the judgement will be paid if the court issues that ruling.
The courts allow a surety bond as a stand-in because the bond covers the full amount of the proposed judgement. Bonds have long been accepted by Florida courts as a way to secure payments.
Surety Bond Help Today
Another reason why it is easy to secure a release of lien bond in Florida is because Jurisco knows all of the state’s requirements.
Jurisco can obtain a release of lien Florida bond for you when you need one. The lawyer-trained staff are available at the Jurisco offices to assist you with your surety bond questions.
Starting now you can review Jurisco’s release of lien form.
When you are dealing with a lien let Jurisco take care of things with a surety bond. A release of lien Florida surety bond will meet all court requirements so a lien won’t bother you. Jurisco is here to help.