Filing a Mechanics Lien and a Bond Claim
When you are faced with an owner, contractor or subcontractor
that's not paying you, whether its on a public project or a private
project, you may have the opportunity to file a bond claim and a
mechanics lien. Filing both could dramatically increase your
ability to collect the money.
Increase Your Chance of
Collecting by Using Bond Claims and Mechanics Liens
Working on a
project where the general or prime contractors posted a bond? Filing a
claim against that bond as well as a mechanics lien provides you with
two avenues to protect the money due to you. While a mechanics
lien attaches to the property, similar to a mortgage, the bond is backed
by a large insurance company. Use all the tools at your disposal
by ordering both a mechanics lien and a bond claim.
some jurisdictions, depending on your role on the project, preliminary
notices are required in order to file a bond claim or a lien claim.
Make sure you know the rules about preliminary or prelien notices by
reading our FAQ Section.
By filing a bond claim and a mechanics lien claim, you can double the
pressure on the person that owes you money, and increase the likelihood
that you will get paid for the work you performed.
Make sure you don't loose your bond claim or mechanics lien rights: file the
bond claim and the mechanics lien early to avoid violating any statutory
time periods. To read more about bond claims, mechanics liens and their preliminary notices,
visit LienItNow.com's FAQ Section.