surety bond to cover lien

[ddanner73]

I have an owner of a condominium project who has just received a lien from a former general contractor (fired). Is there a surety bond that can cover this? The owner has a construction loan through a title company and is now frozen out of draws because of the lien. His lawyer said he should get a bond. Bond amount will be approximately $85,000.

Thank you for your help.

[Admin]

The majority of the industry does not write lien bonds. However, there are companies out there that will. Unfortunately, we are not one of them, nor do I know of anyone to recommend you to.

Try a www.google.com search for "lien surety bond"