Generally a surety bond is an excellent mechanism for immediate discharge of a lien from a parcel of real property. A Pennsylvania mechanic's lien release bond is not specifically mentioned in the prevailing statute (Title 49 P.S. §1510) however it is clear that a bond is acceptable security. Pursuant to section (d), In lieu of the deposit of cash a mechanic's lien discharge bond may be filed in the proceedings in double the amount of the required deposit, or in such lesser amount as the court shall approve, which in no event may be less than the full amount of such required deposit; and the entry of such security shall entitle the owner to have such liens discharged to the same effect as though the required sums had been deposited in court as aforesaid. Filing of a surety bond does NOT invalidate the lienholder's claim but rather transfers the lien right from the real property to the surety company.
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