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  1. ddanner73
    ddanner73 is offline Junior Member
    Join Date
    Dec 2006
    Posts
    1

    surety bond to cover lien

    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.
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  2. Admin
    Admin is offline Administrator
    Join Date
    Jan 2005
    Posts
    755

    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"
    Surety Bond Articles
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