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.

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