Today, I would like to discuss how to properly cancel or discharge a Mechanic’s Lien, which is also sometimes referred to as a Release of Lien Bond. One way to properly cancel or discharge a Mechanic’s Lien is to file a satisfaction of lien — if the lien was...
In New Jersey, any entity affected in any manner, whether directly or indirectly, by a lien under NJSA 30: 4D-7.8, or a certificate of debt filed prior to a final agency adjudication, in accordance with this section, can file a bond in the Superior Court of the County...
Bonds are necessary in construction disputes where unpaid contractors are filing mechanic’s liens against property owners. In these disputes, the property owners must file a bond because liens violate their mortgages. If a construction litigator has a client...
A lien is a mechanism used by contractors and suppliers to force payment of outstanding monies due from the owner, tenant or landowner. A Mechanic’s Lien will assure that the owner completes all required payments to the contractors participating in the project. It is...
Discharge of Mechanic’s Lien for Public Improvement bonds are very rare but they share some similarities to regular Discharge of Mechanic’s Lien (DML) bonds. These bonds arise in situations where a subcontractor, hired by a Principal contractor, has not received...
