Filing a Discharge of Mechanic’s Lien Bond.
Why You Should Hire Speedy Lien, Inc. Filing Your Discharge of Mechanic’s Lien Bond
When you’re involved in a construction project, payment disputes or liens can slow down progress, tie up funding, and create stress. If you’ve had a mechanic’s lien filed against your property, one of the quickest and most effective ways to resolve the issue is by filing a discharge of mechanic’s lien bond. Here’s why you should hire Speedy Lien, Inc. to handle this crucial task.
What Is a Discharge of Mechanic’s Lien Bond?
A mechanic’s lien is a legal claim made by contractors, subcontractors, or suppliers who have not been paid for work or materials. While it’s an important tool for protecting their right to payment, it can put property owners and developers in a tough spot, as liens can block project financing, sales, or refinancing.
By filing a discharge of mechanic’s lien bond acts as a replacement for the lien on the property. Filing this bond transfers the lien from the property to the bond, allowing construction to continue, and freeing up property transactions or financing. This bond is filed in accordance with New York Lien Law § 19(4), which permits the discharge of liens by providing a bond in a value that typically exceeds the lien amount (usually 110%).
Why File a Bond to Discharge a Mechanic’s Lien?
- Unblock Property Transactions: A lien can prevent property sales, refinancing, or obtaining new loans. Filing a bond releases the lien, allowing these transactions to proceed.
- Keep Construction Moving: Many lenders will halt financing while a lien is active. By filing a bond, you remove the lien as an obstacle, allowing the project to progress without delay.
- Save Time and Money: Litigating lien disputes can be costly and time-consuming. By filing a bond, you sidestep drawn-out legal battles and avoid delays.
- Maintain a Clean Property Record: A lien on your property title can affect your creditworthiness and reputation. Filing a bond helps preserve the integrity of your property record.
Why Hire Speedy Lien, Inc.?
Speedy Lien, Inc. is a trusted leader in lien-related services, including filing bonds to discharge mechanic’s liens. Here’s why you should choose Speedy Lien:
- Expertise in Bond Filing: With in-depth knowledge of New York Lien Law, Speedy Lien is well-versed in the requirements for filing discharge bonds. We handle the complex legal and procedural aspects, ensuring everything is done correctly and efficiently.
- Fast and Reliable Service: True to our name, Speedy Lien ensures that your bond is filed as quickly as possible. We understand that construction projects have strict timelines, and we work hard to help you meet them.
- Streamlined Process: Filing a bond on your own can be overwhelming and confusing. Speedy Lien simplifies the process, offering a hassle-free experience from start to finish. With our expertise, you don’t need to involve an attorney, saving you legal fees and additional steps.
- Dedicated Support: Our experienced team is ready to answer any questions you have along the way. From gathering the necessary documentation to submitting your bond, we provide personalized support tailored to your unique situation.
- No Attorney Needed: Many property owners are unaware that they don’t need a lawyer to file a discharge bond. Speedy Lien handles the entire process without the need for costly legal services, making it easier and more affordable to resolve your lien issues.
The Simple Steps to Filing a Discharge of Mechanic’s Lien Bond with Speedy Lien
- Contact Us: Reach out to Speedy Lien with details about the lien and the property. We’ll review your case and advise you on the next steps.
- Submit Required Documentation: Provide us with the relevant lien documents and project information. We handle the paperwork to ensure everything is prepared according to New York law.
- Bond Filing: Once all documents are in order, we’ll file the bond with the appropriate county clerk’s office or the court. This effectively discharges the lien from your property.
- Confirmation: We provide you with confirmation of the bond filing, giving you peace of mind that your lien issue is being resolved.
Conclusion
When faced with a mechanic’s lien, you need a solution that allows your project to move forward and clears any blocks on your property title. Speedy Lien, Inc. offers fast, reliable, and professional discharge bond filing services to help you resolve lien disputes without the hassle of legal battles or delays.
Contact Speedy Lien today to learn more about how we can help you with filing a discharge of mechanic’s lien bond and keep your project on track!
