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How does a creditor go about getting a judgment lien in Rhode Island? To attach the lien, the creditor must request execution of attachment within 48 hours after entry of the judgment, then file the execution with the town clerk or recorder of deeds in the Rhode Island town where the debtor's property is located.

Someone who is owed money is generally not able to just put a lien on property without first securing a judgment. Securing a judgment requires the creditor to sue the debtor. This may be through circuit court in many jurisdictions. If under a certain dollar amount, this suit may be through the small claims court.

The process of bonding off a mechanics lien starts after a claimant has filed a mechanics lien. After the claim is made, a general contractor or a property owner can contact a surety bond company to purchase a surety bond that replaces the value of the lien that was filed against the property.

Prepare your Rhode Island Notice of Intention form. Serve the Rhode Island Notice of Intention as a preliminary notice. Record the Rhode Island Notice of Intention as a mechanics lien. File Notice of Lis Pendens and enforce the mechanics lien.

The release of lien bond allows the owner to discharge the mechanic's lien and returns the legal right to sell or deal with the property to the owner. The bond guarantees the contractor who placed the lien any payment that is still due to them with interest and cost should they win the case in a court of law.

When the lien is bonded off, the surety company (or, in the case of a general contractor bonding off the lien itself, the general contractor) is guaranteeing payment of a claim if the claimant prevails in court enforcing the claim.

A payment bond is like a wall of money that protects the property itself from lien claims. If a construction party isn't paid, they can make a claim against the bond.

A Release of Mechanic's Lien Bond is a type of surety bond that clears the mechanic's lien from the property. These bonds can also be called a Discharge of Mechanic's Lien Bond.The Principal on the bond is usually the property owner or general contractor. The obligee is the court and the surety is the bond company.

While it's unlikely that just anyone can put a lien on your home or land, it's not unheard of for a court decision or a settlement to result in a lien being placed against a property.

Rhode Island Order Granting Bond and Discharging Lien

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FAQ

How do you put a lien on a house in RI?

Can you put a lien on a house for money owed?

How do I bond a lien?

How do I file a mechanic's lien in Rhode Island?

What does bonding a lien mean?

What does it mean to bond a lien?

Is a bond a lien?

What is a bond to release mechanic's lien?

Can anyone put a lien on a property?

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