A Release of Lien Surety Bond releases a lien that has been filed with a public trustee against an estate for an amount claimed for labor and materials furnished for the construction of a building or improvements. Pending final determination of the owner’s liability, the owner may release the lien by posting a bond for payment of any amount that may be found due to the individual filing the lien.
A release of lien is an agreement between a lender and a borrower under which the lender (lien holder) releases the mortgaged asset or property, although the debt obligation remains in force once the lien is paid.
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SuretyGroup.com has been underwriting surety bonds for over 35 years throughout the US. We have a team of experienced surety agents and in-house underwriting authority, which gives us a unique advantage over other surety companies. We are able to offer competitive, low rates, quick approvals and immediate bond delivery. In most cases we can approve your application today and deliver your bond tomorrow.