Mechanic’s Lien Bonds [VIDEO]
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...Mechanic’s Lien Release Bond: Frequently Asked Questions
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 Bond in New York
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...