Why Mechanics Lien Bonds Are Essential in Construction
- November 7, 2024
- Posted By: hmvreeland
- Category: Mechanic Lien Bond
In construction, there are always financial risks. Disputes over payment, labor, or materials can quickly escalate into costly legal battles. A mechanics lien bond is a key tool that can help mitigate these risks. Whether […]
Mechanic’s Lien Bond Requirements: A Breakdown of When They Apply
- August 24, 2024
- Posted By: hmvreeland
- Category: Mechanic Lien Bond
Ensuring financial security is a must for the construction and real estate industries. Utilizing a mechanic’s lien can help keep your project secure. However, to help guarantee payments and keep your business on schedule, a […]
Mechanic’s Lien Release Bond: Frequently Asked Questions
- April 12, 2024
- Posted By: hmvreeland
- Category: Mechanic Lien Bond
A lien is a mechanism used by contractors and suppliers to force property owners, tenants, and landowners to pay the money they owe to them. It’s a form of collateral that allows the creditor to […]
Bonding a Mechanic’s Lien: How Does it Work?
- March 13, 2024
- Posted By: hmvreeland
- Category: Mechanic Lien Bond
A mechanic’s lien is secured by real property. If a person/business fails or refuses to pay a contractor or supplier for the materials or labor provided by them to improve, maintain, or repair particular property, […]