Taking Action With a Scottsdale Lien Bond

August 7, 2017 by · Leave a Comment 

Trying to handle a lien situation? Chances are the answer may be in a transfer of lien bond. A property lien is yet one more situation where surety bonds have been designed to bring resolution. A Scottsdale lien bond can remove a lien from a property quickly because it is trusted by Arizona courts.

What Does A Lien Do?

A lien is a legal action that essentially is the scarlet letter for property. When property has a lien it cannot be sold or inherited. The lien remains like a chain around the neck. Given the significance of a lien only a court can grant the action take place.

Who Can Use A Lien?

Typically a lien is taken out by a person or company who is owed a debt for service. A landlord who has unpaid bathroom repairs on one property could find other properties in jeopardy because of liens.

Sunset in Scottsdale, ArizonaContractors are among the most common plaintiffs seeking a lien. The battle over services and compensation has long been a delicate one. And the Scottsdale, Arizona courts eventually had to intervene to provide a solution to the problem.

Any party, builder or not, has the ability to seek a lien. Once it is approved by the court a lien goes into effect immediately.

How Can A Lien be Removed?

There are a couple of ways to remove a lien. The obvious “just pay the due amount” springs to mind, but that still will require the court recognizing the payment and removing the lien.  An appeal of the court’s decision could made which could take time depending on the caseload in Scottsdale.  

Arguably one of the fastest ways to remove a lien is to replace it with a transfer of lien bond. A Scottsdale lien bond is a common type of defendant bond. The transfer of lien bond is valued at double the cost of the lien showing the court that efforts are being made to protect against wrongful action. Even though the value of a Scottsdale lien bond is high the cost is minimal with only one percent paid upfront.

Using a lien bond in Scottsdale will provide relief and allow property to be untangled from contested invoices and payments. A Scottsdale lien bond is the course of action recommended by most for its simplicity and effectiveness.

Have more questions about lien bonds in Scottsdale? Contact an Arizona surety bond expert at Jurisco today.

Remove A Lien With A Scottsdale Lien Bond

May 17, 2017 by · Leave a Comment 

Dealing with a lien can be a stressful situation. At Jurisco we’ve worked with clients across Arizona who either need to remove or secure a lien. Bond experts understand the impact a lien may have so they always do their best to put the client in the best position possible. When clients need a Scottsdale lien bond they can depend on Jurisco to understand how that applies to Arizona bond statute.

Trouble with a Lien

A mechanics lien or a lien against property can cause real damage. An individual trying to put their home for sale can be blocked because a contractor didn’t pay an employee. While the individual did their part and paid the contractor, employees still have a lien as a recourse when they do not receive payment. Liens may also be placed against businesses for tax reasons. Removing the lien often means securing a Scottsdale lien bond.

Purpose of Scottsdale Lien Bond

A building in ScottsdaleThe reasons why the state of Arizona looks to lien bonds to take care of lien situations is because of their protective abilities. A lien bond in Scottsdale essentially takes the place of the lien. Following the example about trying to sale a house, the lien would cover the money owed and allow the sale to go through.

A Scottsdale lien bond is one of the fastest ways to handle a lien. Without this surety bond, the homeowner may be forced to pay out of pocket for the employee’s services. With a bond, the homeowner is immediately financially covered.

Cost of Lien Bond

A lien bond is by far the more cost effective solution to remove or place a lien. The bond requires full collateral of the amount of the bond upfront.  The bond premium is 1% of the bond amount.  This makes a Scottsdale lien bond affordable and easy to use which is just what the state of Arizona wants from the bond.

Keeping the cost of a lien bond low is one way Jurisco tries to offer the best service to clients. Our surety bond experts understand the pressures a lien can bring to a situation. Count on Jurisco to handle a Scottsdale lien bond with professionalism and speed. Contact Jurisco to learn if same day surety bond service is available.

 
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