New York Bond Filing Agent
File a Construction Surety Bond
Discharge a Mechanic's Lien

Has a Construction Mechanic’s Lien been filed against your property or project?

File a Surety Bond to discharge the Mechanic’s Lien and remove it from the property title. By filing a Bond Discharge, you can strengthen your position in negotiations with the contractor or creditor.

What is a Mechanic’s Lien Discharge Bond?

New York Lien Law § 19(4), allows a lien to be discharged by filing a surety Bond. A Bond Discharge is a mechanism for temporarily removing a mechanic’s lien from the title of the property. The property owner or contractor can file a Bond against the Mechanic’s Lien. A Bond deposits 110% the value of the Lien with the courts. 

What are the benefits of Bonding Off a Lien?

Filing a bond to discharge a mechanic’s lien offers several benefits:

  1. Free Up Property: The primary advantage is that it removes the lien from the property, which can clear the title and facilitate the sale, refinancing, or continued use of the property without the encumbrance of a lien.

  2. Maintain Construction Funding: Filing a bond allows construction projects to continue without disruption. Since a lien can halt funding or delay the project, discharging the lien with a bond ensures that financing is not jeopardized.

  3. Transfer of Liability: The bond essentially transfers the obligation from the property to the bond itself. This means that if a court later determines that the lien was valid, the claimant can recover the amount due from the bond rather than from the property.

  4. Avoid Foreclosure: Mechanic’s liens can lead to foreclosure proceedings. By filing a bond, property owners or contractors can prevent this, protecting the property from being sold to satisfy the debt.

  5. Simplify Dispute Resolution: Filing a bond can simplify and expedite the resolution of the payment dispute, as it typically involves less complex legal procedures than those involved in challenging a lien directly.

  6. Cost-Effective Solution: Compared to the potential costs associated with a delayed project, halted financing, or foreclosure, filing a bond is often a more economical and practical solution.

 

Hire New York Bond Filing Agent to file a bond discharge for a quick, seamless process that clears your property title and keeps your construction project on track.

Call today for a free consultation. 

File a Bond Discharge
Call (212) 500-1229
New York Bond Filing Agent
New York Bond Filing Agent
New York Bond Filing Agent
New York Bond Filing Agent
New York Bond Filing Agent

Who can file a Bond Discharge?

The Bond can be filed by any party who has a vested interest in the title of a property or an on-going construction project.

Property owner, general contractor, sub-contractor or a lender of a property can Bond off a mechanic's lien.

Once the Lien is Bonded Off, the title is clear of the mechanic's lien. Filing a Bond Discharge is the most effective way of removing a lien filed against a property.

Learn more

Why Choose New York Bond Filing Agent? ®

One Day Processing
Simple Price Structure
Easy Online Submission
Expertise Knowledge
New York based Company

New York Bond Filing Agent – the premier agent for filing mechanic’s lien surety Bonds and Bond Discharges. Bond off a mechanic’s lien filed against you, your project or your property. 

If A Lien Has Been Filed Against Your Property, It Means A Creditor Has Claimed The Right To Your Property As Security For A Debt. This Can Be Caused By A Contractor Or Supplier Not Being Paid For Their Services, Labor Or Materials. 

A Bond Discharge Is A Mechanism For Temporarily Removing A Mechanic’s Lien From The Title Of The Property. 

New York Lien Law § 19(4), allows a lien to be discharged by filing a surety Bond. A Bond Discharge is a mechanism for temporarily removing a mechanic’s lien from the title of the property. The property owner or contractor can file a Bond against the Mechanic’s Lien. A Bond deposits 110% the value of the Lien with the courts. 

The bond guarantees the Lienor any payment that is still due to them with interest should they win the case in a court of law.

A Mechanic’s Lien is a legal claim against a property for unpaid work or materials used in construction or improvement of a property. If a vendor is not paid for their service, they can file a mechanic’s lien against you or your property for non-payment. A lien, you can place a hold on the property and prevent it from being sold or refinanced until the Lien is Satisfied (or discharged by Bond). 

There are many benefits to filing a Surety Bond against a Mechanic’s Lien, including:

    1. Release of the lien: By filing a surety bond, a property owner can often obtain a release of the mechanic’s lien that has been filed against their property. This can prevent the lienholder from foreclosing on the property or otherwise taking legal action to collect the debt.

    2. Preservation of the property: Filing a surety bond can help preserve the property owner’s ownership rights and prevent the property from being sold to satisfy the debt. This can be particularly important for commercial or residential properties that are important assets for the property owner.

    3. Protection of credit score: If a mechanic’s lien is filed against a property owner, it can negatively impact their credit score and ability to obtain financing in the future. Filing a surety bond can help protect the property owner’s credit score and financial reputation by ensuring that the debt is satisfied.

    4. Cost-effective alternative: Filing a surety bond can be a cost-effective alternative to paying the debt in full or engaging in lengthy legal proceedings. The property owner can often obtain the release of the lien by paying a percentage of the total amount owed, which is typically less than the full amount of the debt.

    Overall, filing a surety bond against a mechanic’s lien can be a useful tool for contractors or property owners who are facing financial challenges or legal disputes related to their property. It is important to work with an experienced surety bond agency to ensure that the process is completed correctly and in accordance with local laws and regulations.

New York Bond Filing Agent services the entire state of New York and New Jersey. Need to file a Bond Discharge in New York City or the boroughs? Call us. 

Visit our FAQs page for our most frequently asked questions.