Easily Remove Tick in the Affidavit Of No Lien

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How to Remove Tick in the Affidavit Of No Lien

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Hey everybody this is attorney Kenneth Stephens from law firm Stephens Reed Armstrong PLLC and today what I want to talk to you all about is understanding what you can put in your lien affidavit what can you recover for when it comes to filing a mechanics lien construction lien in Texas theyre calling the call now the reason I bring this up is because Im seeing a lot of people file their lien affidavits, not understanding that the only thing that you can include in the lien affidavit is you know work for labor and materials so you know theres a lot of extra stuff that Im seeing in the lien affidavit and the most popular thing Im seeing is when a person has had to retain an attorney they want to include the attorneys fees in the lien affidavit or maybe they had an attorney prepare the lien and then deliver it to them they want to include those fees or maybe some fees from a collection company and the rules are pretty clear that it has to be for labor or materials provided to the

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What is the purpose of a performance bond?

Performance bonds are a subset of contract bonds and guarantee that a contractor will fulfill the terms of the contract. If they fail to do so, the Surety company is responsible for completing the contract obligations, either by securing a new contractor to complete the job or by financial compensation.

What is an affidavit lien?

Let Us Know More About Lien Affidavit Mechanics lien, which is also called a mechanics lien affidavit or lien affidavit, is an official document that asserts a lien against a property for your work when you have not been paid.

How much does it cost to bond around a lien?

The cost for these bonds is between 2-3% of the value of the lien inclusive of court costs. So if a mechanics lien is filed for $500,000.

What is a lien bond in Texas?

A Texas mechanics lien release bond is a statutory mechanism available to any person with interest in the real property or to effect delivery of lien free property to an owner. The Texas lien discharge bond rules are defined in the Texas Code (Sec. 53.171. Bond).

What is a summary motion for lien removal in Texas?

Section 53.160 - Summary Motion To Remove Invalid Or Unenforceable Lien (a) In a suit brought to foreclose a lien or to declare a claim or lien invalid or unenforceable, a party objecting to the validity or enforceability of the claim or lien may file a motion to remove the claim or lien.

What does it mean to bond around a lien?

Bonding around a lien is a protection for your organization so that you can get payment. Bond around a construction lien is also beneficial to the client because it provides the opportunity to remove the lien on the property so that the property title is free and clear again.

How do I transfer a lien to a bond in Florida?

If you wish to transfer a lien to bond, you must provide a recorded copy of the Claim of Lien being bonded together with cash or a cashiers check pursuant to Chapter 713 of the Florida Statutes.

Can you bond off a lien in Florida?

If you wish to transfer a lien to bond, you must provide a recorded copy of the Claim of Lien being bonded together with cash or a cashiers check pursuant to Chapter 713 of the Florida Statutes.

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