Mechanics’ Lien Discharge Bonds - The Substitutes of the Surety World
Recorded On: 04/09/2019
Mechanics’ lien discharge bonds are the substitutes of the surety world. They substitute for a previously filed mechanics’ lien, providing relief to owners and contractors alike from the onerous procedures, rules, and remedies that such liens carry with them. They may also provide added time to negotiate a settlement by substituting their own statutes of limitations. While mechanics’ lien discharge bonds are not without their risks, they offer a satisfying alternative in that owners and other stakeholders can insulate their property interests from foreclosure, while contractors have a simpler alternative to recovery than foreclosure. During this virtual seminar, we will take a look a mechanics’ liens and mechanics’ lien discharge bonds. Our speaker Mike Pipkin a partner at the Dallas office of the law firm of Weinstein Radcliff Pipkin LLP, will review real-world examples and examine the risks, rewards, and alternatives to mechanics’ lien discharge bonds.
Partner, Weinstein Radcliff Pipkin LLP
Mike F. Pipkin, Esq. is a partner in the Dallas office of the law firm of Weinstein Radcliff Pipkin LLP, where he provides construction counseling and litigation to sureties, private owners and developers, contractors, subcontractors, and design professionals. He is a co-editor of Bond Default Manual, 4th Edition, published in May 2015 by the American Bar Association. He serves on the NASBP Attorney Advisory Council.
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