Discharge of Mechanic’s Lien Bond with NY Bond Filing Agent

If your property has been hit with a mechanic’s lien, you know how disruptive it can be to construction progress and financing. The good news is, you can resolve the issue quickly by filing a discharge of mechanic’s lien bond. When you’re looking for a reliable, professional service to handle this, New York Bond Filing Agent is your go-to resource. Here’s why hiring us will help you get back on track smoothly and efficiently.

What is a Discharge of Mechanic’s Lien Bond?

A mechanic’s lien is a legal claim filed by contractors, subcontractors, or material suppliers who haven’t been paid for their work. Although liens are meant to secure payment, they can tie up financing, hinder property sales, or prevent refinancing.

A Bond Discharging a mechanic’s lien bond provides a way to remove the lien from the property by transferring it to the bond. The lien is then attached to the bond, allowing the property to be sold or financed without any encumbrance. Filing this bond is a legal process governed by New York Lien Law § 19(4), which allows for the lien to be replaced by a bond for 110% of the lien amount.

Due to their speed and simplicity, lien discharge bonds are perhaps the most common method of discharging a lien. When a lien is filed, but an action is not promptly commenced to foreclose, a bond-and-wait strategy is often optimal. Lienors often fail to foreclose on mechanic’s liens, as it is simple and cheap to file a notice of lien but complicated and costly to prove the lien claim through a lawsuit. If the lienor fails to foreclose on its lien, the lien and bond become nullities, and the principal who procured the bond can get back any collateral paid to the surety.

Why File a Discharge of Mechanic’s Lien Bond?

1. Free Up Property Transactions: A lien can prevent you from selling or refinancing your property. By filing a bond, the lien is discharged from the property, allowing those transactions to proceed unhindered.
2. Keep Your Project Moving: Financial holds due to liens can stop construction dead in its tracks. Filing a bond clears this obstacle, allowing work to continue and keeping your project on schedule.
3. Avoid Costly Legal Battles: Disputing a lien in court can be time-consuming and expensive. Filing a bond helps you sidestep drawn-out litigation and potential delays.
4. Preserve Your Property’s Record: Liens can tarnish a property’s title and affect its marketability. By discharging the lien through a bond, you maintain a clean record for your property.

Why Hire New York Bond Filing Agent?

New York Bond Filing Agent is a leading specialist in lien bond filing services. We have a deep understanding of New York’s lien laws and a proven track record of delivering fast, reliable results. Here’s why we are the best choice to handle your lien discharge bond:

1. Expertise in New York Lien Law: Our team is highly knowledgeable in all aspects of New York Lien Law § 19(4), and we specialize in discharging liens through bonds. You can trust us to handle all the legal details and ensure the process is completed correctly.
2. Fast, Efficient Filing: At New York Bond Filing Agent, we understand that time is of the essence when dealing with mechanic’s liens. We offer quick turnaround times, ensuring that your lien is discharged as soon as possible so you can move forward without delay.
3. No Attorney Required: Many property owners believe they need to hire an attorney to file a lien discharge bond. With New York Bond Filing Agent, that’s not necessary. We handle the entire bond filing process on your behalf, saving you legal fees and simplifying the procedure.
4. Personalized Service: We pride ourselves on offering dedicated support to each of our clients. Our team will work with you every step of the way, from reviewing your lien to filing the bond with the appropriate authorities, making the process smooth and stress-free.
5. Convenient and Accessible: With an easy-to-use website and a highly responsive team, New York Bond Filing Agent makes the entire process convenient. You can contact us anytime for updates or guidance. Our office is centrally located in New York City, and we’re ready to assist you no matter where your property is in the state.

How New York Bond Filing Agent Works

Discharge of Mechanic’s Lien Bond with New York Bond Filing Agent is simple and straightforward:

1. Get in Touch: Contact us with the details of your lien. We’ll review your case and guide you through the necessary steps.
2. Submit the Documentation: Provide us with the lien documents and other required information. We will handle all the paperwork, ensuring everything complies with New York Lien Law § 19(4).
3. Bond Filing: Once we have everything in place, we’ll file the bond with the appropriate county clerk’s office or court, effectively discharging the lien from your property.
4. Confirmation: You will receive confirmation that your bond has been filed, and your lien issue has been addressed.

Contact Us

For professional, efficient, and reliable bond filing services, trust New York Bond Filing Agent. Our team of experts is ready to help you resolve your lien issues so you can move forward with your project and property transactions.

• Jennifer Spinning, Principal
  New York Bond Filing Agent
  212-500-1229 / Info@NewYorkBondFiling.com
  www.NewYorkBondFiling.com
  50 East 42nd Street – 26th FL
  New York, NY 10017

Conclusion

Discharge of Mechanic’s Lien Bond is a smart, efficient way to resolve lien disputes, clear your property title, and keep your construction project moving forward. New York Bond Filing Agent offers the expertise and streamlined service you need to file a lien discharge bond quickly and effectively. Contact us today to get started!