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27
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David Griffey
  • Sparta, KY
0
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27
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bonding off mechanic's lien

David Griffey
  • Sparta, KY
Posted Apr 15 2015, 04:14

A mechanic's lien was placed on a property I am selling. Long story short - crappy work that was never completed, tried to negotiate a settlement with no response from contractor. We both have attorneys, he filed a lien.

I would like to bond the lien off, but am having a lot of trouble getting clarity on how this works. I have talked with my lawyer, other lawyers, and the county clerk. No one seems totally certain how this works. So my question is, if I post a surety bond on the lien will it give me a clear title so I can sell the home? The county clerk says the bond will show up when the title search is done. I would think this means there is not a clear title. So, next question is, how does bonding off the lien really help me? My purpose is to get clear title to sell. The property is in Kentucky. Also, the clerk only accepts surety bonds through an insurance company to bond off the lien. I also have to get an irrevocable line of credit from my bank first, then work through the insurance company.

Has anyone here done this before? Any advice is appreciated.

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