A mechanic lien Texas situation may arise from a contractor not being paid for services. To recover the money they feel they are owed they will put a lien on property.
A release mechanic lien texas bond can remove a lien against real property.
Having a lien placed on property can cause several problems if not addressed right away. Houses can be foreclosed on, automobiles can be repossessed, and other items may be seized by Texas law enforcement.
Removing A Lien
To release a mechanic lien a surety bond must be secured to cover the amount in question.
A mechanic lien Texas surety will financially cover the amount of money claimed to be owed by the defendant. This takes the property and other items off the table to be held responsible for the owed payment.
Using a surety bond to release a Texas mechanic lien is one of the most efficient ways to handle a lien. Knowing the limits of a mechanic lien Texas bond helps clear up the issue without adding more trouble to the mix.
Texas courts accept the release of mechanics lien bond as a way to prove that the matter will be resolved without further financial loss.
Who Can Request A Mechanic’s Lien?
Contractors are known to place liens on property but it is important to remember that people working for the contractor can also request a lien. Ultimately, it is the client’s responsibility to make sure people are paid for the work.
They give the money to the contractor with the understanding that this money will be used to pay for work. If a subcontractor or employee is not paid then they can seek the money from the client.
Having a contractor and subcontractors sign a lien waiver before work begins is a good way to protect against needing a bond.
A Surety Bond Quickly
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Jurisco knows exactly what is mandated for a mechanic lien Texas bond. The staff meets your needs quickly delivering a solid, secure mechanic lien Texas surety bond.