{"id":1699,"date":"2016-07-17T00:38:08","date_gmt":"2016-07-17T00:38:08","guid":{"rendered":"http:\/\/suretyone.com\/blog\/?p=1699"},"modified":"2017-03-22T17:34:34","modified_gmt":"2017-03-22T17:34:34","slug":"california-mechanics-lien-release-bond-will-clear-your-title","status":"publish","type":"post","link":"https:\/\/suretyone.com\/blog\/california-mechanics-lien-release-bond-will-clear-your-title\/","title":{"rendered":"California Mechanic’s Lien Release Bond Will Clear Your Title"},"content":{"rendered":"

Under California Civil Code<\/a>, contractors and design professionals have a right to file a lien against real property once work has begun on the project. There are notification requirements contemplated under the Code, so a property owner will likely receive a notice of lien very quickly. Liens can complicate, delay and perhaps terminate an owner’s effort to sell or refinance his or her property however the statute also provides a mechanism for immediate relief. A California Mechanic’s Lien Release Bond will clear your title!<\/p>\n

A lien release bond must be issued by a surety company with a certificate of authority in California\u00a0and must be\u00a0written in a penal sum\u00a0equal to one and one quarter\u00a0times (125%) the amount of the claim. The surety bond obligation guarantees\u00a0the payment of the sum that the lien claimant may recover on\u00a0an\u00a0action plus costs\u00a0if the lien holder prevails.\u00a0Upon filing of the mechanic’s lien release bond, the property referenced\u00a0in\u00a0the body of the lien bond<\/a> is released from the lien and effectively stays any\u00a0foreclosure proceedings initiated to enforce the lien. The lien\u00a0release bond\u00a0is “alternate security” for the lien liability.<\/p>\n

The Code allows the property owner, the contractor or design professional holding the lien or any party with an interest in the property, such as a mortgage bank or creditor that relies on the property as collateral to secure its extension of credit. The California Mechanic’s Lien release bond<\/strong> may be filed at any time after the lien has been recorded but must occur before a final judgment of foreclosure. The surety bond principal must also notice the lienholder of the filing of the lien release bond. Any civil action initiated to collect on the lien must be amended to a suit against the bond rather than the property.<\/p>\n

California\u00a0surety leader<\/strong>,\u00a0Surety One, Inc.<\/a>\u00a0is THE most agile and service-oriented underwriter of judicial bonds in the United States.\u00a0Our experience in manuscripting bond forms, same day underwriting, immediate bond execution and delivery are unmatched. NO ONE has the underwriting authorities that we do. \u00a0Visit our contact page at\u00a0https:\/\/suretyone.com<\/a>, call (800) 373-2804, or email\u00a0Underwriting@SuretyOne.com\u00a0for application materials requests and assistance with your\u00a0California\u00a0Mechanic\u2019s lien release bond<\/strong>\u00a0or any other surety need.<\/p>\n

#mechanicslien #mechanicslienbond #surety #suretybond #suretybonds #SuretyOne #construction #construccion<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Under California Civil Code, contractors and design professionals have a right to file a lien against real property once work has begun on the project. There are notification requirements contemplated under the Code, so a property owner will likely receive… Continue Reading →<\/a><\/p>\n","protected":false},"author":1,"featured_media":1700,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"image","meta":[],"categories":[210],"tags":[2056,2057,1936,2009,1932,2014,1734,1871],"yoast_head":"\nCalifornia Mechanic's Lien Release Bond Will Clear Your Title • Surety One, Inc.<\/title>\n<meta name=\"description\" content=\"California Civil Code allows recording of a mechanic's lien release bond to clear a title for real property.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/suretyone.com\/blog\/california-mechanics-lien-release-bond-will-clear-your-title\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"California Mechanic's Lien Release Bond Will Clear Your Title • Surety One, Inc.\" \/>\n<meta property=\"og:description\" content=\"California Civil Code allows recording of a mechanic's lien release bond to clear a title for real property.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/suretyone.com\/blog\/california-mechanics-lien-release-bond-will-clear-your-title\/\" \/>\n<meta property=\"og:site_name\" content=\"Surety One, Inc.\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Surety1\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/Surety1\" \/>\n<meta property=\"article:published_time\" content=\"2016-07-17T00:38:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-03-22T17:34:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/suretyone.com\/blog\/wp-content\/uploads\/Mechanics-Lien-Bond.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@SuretyOne\" \/>\n<meta name=\"twitter:site\" content=\"@SuretyOne\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"C. 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