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To remove a lien from your property when the contractor is no longer in business, there are a couple of methods available under construction lien statutes. First, you can transfer the lien to a cash bond, allowing you to remove it from the property and proceed with refinancing. Alternatively, if you have already paid the contractor, you can file a notice of contest of lien in public records, prompting the contractor to take action within sixty days or the lien will be extinguished. Additionally, if you manage to get the contractor to sign a release, ensure to terminate your notice of commencement and obtain a contractor’s final affidavit before refinancing or selling the property to secure the title against any construction liens.
