Recently a colleague told me harrowing story about how he was delayed from selling his house due to a bizarre statutory requirement. How many of you loyal Jurisco Surety Bond blog followers have ever heard of Reconveyance? Ok, don’t answer, some of you are probably attorneys or other Surety Bond blog authors. But for those […]
Understanding Broker Bonds A broker bond, also known as a freight broker bond or BMC-84 bond, is a type of surety bond required for freight brokers and freight forwarders to operate legally in the United States. This bond guarantees that brokers will comply with industry regulations and fulfill their contractual obligations, providing a layer of […]
Imagine this scenario: a couple is preparing to sell their home when they receive a call from their realtor. The real estate agent says the sale of the house is being blocked because they cannot find a deed of reconveyance. “What is a deed of reconveyance?” the couple asks. “It’s proof the house is yours,” […]
A common surety bond question is, what is a deed of reconveyance and do I need one? In short, a deed of reconveyance is what a person who pays off a mortgage must receive from the lender (mortgage holder) to prove final payment was made. A more detailed answer to what is a deed of […]
Bond surety protection goes beyond just meeting state requirements. The peace of mind a surety bond offers gives individuals and businesses the assurance they need to operate. There are several types of surety bonds used by plaintiffs and defendants including an injunction bond, appeal bond and replevin bond. Businesses use a bond surety to meet […]
“Simply put, money can be divided but children cannot” This line, by Jeff Landers on Forbes.com, speaks to the extra layer of difficulty when a divorcing couple have children. The article, however, speaks more to the extra (extra!) layer of difficulty when one member of the divorcing couple has an international passport. (see full post […]