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190
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117
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Philip Ganz
  • Lender
  • Fort Lauderdale
117
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190
Posts

Mechanical Lien Lien Bond Solutions - Any Options less than 100%

Philip Ganz
  • Lender
  • Fort Lauderdale
Posted

I got a contractor lien on my development for 32,000. The bank will not release future funds unless I satisfy the mechanical lien.  Therefore need to get a lien bond. I was quoted I need 100% of the actual lien 32,000 and a 2% fee. 

Are there any companies that offer lien bonds for less than 100%?