Receiving a release of lien in Florida is simple when working with a reputable surety bond company like Jurisco. A Florida surety bond expert will quickly help resolve a lien situation with their thorough understanding of state statute. By securing a release of lien Florida bond, the lien can be removed from the property or assets.
What is a lien?
A lien works as a hold on a property. The owner cannot sale the property or transfer ownership in any way. Liens are generally placed on property because of payment disputes. Florida child support cases may even result in liens.
A contractor who doesn’t pay a subcontractor may be another reason why a lien is placed on property. Even if the property owner has receipts of bill payments, the court will allow a lien until the matter is heard. One way that liens can be avoided is by having a contractor, and their subcontractors, sign a lien waiver.
Florida statute details lien causes and how they can be removed. The alleged debt can be contested in court, but until a ruling is made, the lien will stay on the property. To remove the lien, a release of lien Florida surety bond can be used.
Liens and Foreclosures
One reason to secure a release of lien Florida bond is to remove any limitations on the property. Liens may not only block the sale of a house, but they can add to the cost of foreclosure. When a foreclosed property is tangled up in liens, the fines go up, as does the stress level. This story about Florida condominium owners and liens is just one of the warning tales out there.
The release of lien Florida bond does not mean that the party is in fact owed money. Instead, it clears the property of a lien by standing in its place. The release of lien Florida surety bond takes the place of the lien, while giving the court time to hear the case. By having a release of lien bond, the property is once again in the clear.
Release of Lien Bond
Don’t let a lien cause problems. Remedy the situation with the help of a surety bond professional. Contact Jurisco today to learn more about release of lien Florida requirements.