Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
Market Trends & Data
Buying & Selling Real Estate
Out of State Investing
Real Estate News & Current Events
Real Estate Technology
Investor Mindset
General Info
General Real Estate Investing
BiggerPockets Exclusive PRO Area
PRO
BPCON
New Member Introductions
Questions About BiggerPockets & Official Site Announcements
Off Topic
Starting Out
Real Estate Success Stories
Real Estate Horror Stories
Real Estate Strategies
House Hacking
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
Commercial Real Estate Investing
Mobile Home Park Investing
Innovative Strategies
Land & New Construction
Multi-Family and Apartment Investing
Wholesaling
Rehabbing & House Flipping
Short-Term & Vacation Rental Discussions
Tax Liens & Mortgage Notes
Medium-Term Rentals
Buying & Selling Small Businesses
Outdoor Hospitality
Landlording & Rental Properties
General Landlording & Rental Properties
Managing Your Property
Marketing Your Property
Tenant Screening
First-Time Home Buyer
Real Estate Professionals
Mortgage Brokers & Lenders
Contractors
Real Estate Agent
Financial, Tax, & Legal
Personal Finance
Creative Real Estate Financing
Private Lending & Conventional Mortgage Advice
Insurance
Tax, SDIRAs & Cost Segregation
Foreclosures
1031 Exchanges
Goals, Business Plans & Entities
Legal & Legislation
Real Estate Classifieds
Classifieds
Real Estate Events & Meetups
Reviews & Feedback
Ask About A Real Estate Company
Real Estate Deal Analysis & Advice
Guru, Book, & Course Reviews
Syndications & Passive Real Estate Investing
Philip Ganz's profile image
Philip Ganz's profile image
Philip Ganz
  • Lender
  • from Fort Lauderdale
  • Member since Nov 12, 2017

User Stats

190
Posts
117
Votes
Philip Ganz's profile image
Philip Ganz's profile image
Philip Ganz
  • Lender
  • from Fort Lauderdale
  • Member since Nov 12, 2017
Philip Ganz
  • Lender
  • Fort Lauderdale
117
Votes |
190
Posts
Buying & Selling Real Estate

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%? 

0 Votes
Follow
0 Replies
Log In or Sign Up to Reply