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A Colorado mechanics lien is a document that is filed with a local clerks office to notify owners and potential owners of a specific property that someone is owed money for work they performed or materials they provided on a construction project.
When a lien is bonded off, a payment bond is available to pay off the lien. This provides a guarantee for payment to the construction firm and allows the property owner to be able to sell, finance or transfer the property without fear of a lien on the title.
How long does a judgment lien last in Virginia? A judgment lien in Virginia will remain attached to the debtors property (even if the property changes hands) for ten years.
To show that a lien has officially been removed on a property, you have to file a document called a lien release in the real property records of the county where the property is located. A release of lien simply means removing the lien claim from a specific property.
The unpaid lien will stay on your credit report for 10 years after it is filed. After paying it off, it may stay on your credit history for up to seven years.
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If you need to sell your house, or refinance within the next couple weeks and cannot wait for the lien to become unenforceable you may want to file a surety bond with the court. The surety bond has to be 1.5 times the value of the lien. The District Court will hold the bond and the lien will be removed.
A judgment lien in Colorado will remain attached to the debtors property (even if the property changes hands) for six years.
The unpaid lien will stay on your credit report for 10 years after it is filed. After paying it off, it may stay on your credit history for up to seven years.
In such cases, owners can seek to bond off a mechanics lien. In plain terms, this means an owner can seek to substitute a surety bond for the underlying property in a mechanics lien claim. Basically, the surety bond replaces the property as security for the claim.
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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