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.
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.
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).
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.