1 (844) 589-9732

Alaska Release of Mechanic’s Lien Bond

The Alaska release of mechanic’s lien bond is backed by full cash collateral, and a separate premium. This bond allows you to transfer your lien from a property to a surety bond. Please call our agency today at 844-589-9732.

Alaska Release of Mechanic’s Lien Bond

AmeriPro Surety Bonds | 844-589-9732

Please note:  Before our agency will accept and review your lien documents or provide you with an application for a mechanic’s lien bond, there is a nonrefundable $75.00 application fee.  If you follow through and obtain the surety bond, that amount is deducted from your first annual premium.

 

 

Release of Lien Bond – Alaska

 

 

 

A mechanic’s lien occurs when there is some dispute as to the payment for work which is alleged to have been performed on a property, but has either not been paid at all or not paid in full.

The lien prevents the sale of the property until the lien is satisfied.

The option exists to lawfully “bond off your mechanic’s lien”. What this does is to simply transfer the lien from the property to a surety bond.

Doing so, accomplishes two things: The first is that it allows the property owner to sale or refinance a property, without the encumbrance of a lien which would prevent this altogether. The second is that the individual or persons who placed the lien do not lose their claim or lien; it is now back by a surety bond, which actually further guarantees payment if required.

 

 

 

Amount of an Alaska Release of Mechanic’s Lien Bond

 

 

 

According to Section 34.35.310 of Alaska’s statutes which deals with the “bonding off” of mechanic’s liens, the amount of the surety bond required is in double the amount of your lien notice.

Once your surety bond is properly filed, the Clerk will provide you with a certificate showing that the lien on the property has been released and transferred to the surety bond.

 

 

 

Qualifying and the Premium

 

 

 

The first thing to know about an Alaska mechanic’s lien bond is that it is backed by 100% cash collateral.

In addition to the cash collateral, the premium — which is the cost for the issuance of your bond — is $500, or 1% of the amount of the lien, whichever amount is greater.

Obtaining your surety bond involves:

  • Providing a copy of the Alaska mechanic’s lien notice. This is absolutely crucial; without it, no surety bond can be issued. It also needs to be the first thing provided to us;
  • Completing an application. There is no credit check for this bond since you are backing it with 100% cash collateral.  You will also fill out a tax document which we’ll provide to you;
  • After approval of your application and your surety bond by our underwriter, you’ll wire the funds as required, along with the first year premium;
  • Upon receipt, the bond is issued to you. If you want the bond mailed overnight, there is an an additional fee.

Upon receipt of your bond and Power of Attorney form in the mail, you’ll sign your bond and then file it with the Clerk.

 

 

 

Annual Renewal of the Surety Bond Premium

 

 

 

The premium associated with your surety bond is not a onetime payment. The premium will renew annually on the anniversary of your bond’s issuance for as long as the bond is active (not exonerated).

Even that is not the case for you, it’s a good idea to prepare to pay your mechanic’s lien bond premium twice—when it is first issued, and once again the first year thereafter.

 

 

 

After the Filing of Your Bond

 

 

 

If the lien claimant proves that they are owed the money as alleged, the proceeds from your surety bond will be released to them. If the opposite occurs, then after payment of all premiums, the funds are re-released back to the Principal (you).

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency which provides surety bonds throughout Alaska. These include license and permit, court, probate and other surety bonds.

Our agency also provides surety bonds in all 50 states.

Please call us today at:

844-589-9732

Or, you may fill out the form below and a Surety Agent will contact you…

Request a Callback

  • Date Format: MM slash DD slash YYYY
  • Please note: We do not share or rent your address to anyone, except for underwriting purposes associated with your surety bond.
  • This helps us to find exactly the surety bond that you require. By the way, it's perfectly OK to not know the type of surety bond you need; that's why we're here!
  • This field is for validation purposes and should be left unchanged.

AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

apply today

recent news

Lost Cashier’s Check Bond | Lost Instrument Bond

If you’ve lost a cashier’s check or money order, to replace it, the banking institution will require that a “Lost Instrument bond” be purchased in order to re-issue it. Learn how to quickly purchase this bond with AmeriPro Surety Bonds.

Mortgage Broker Bond

A mortgage broker bond is a license and permit bond which states require to become properly licensed and which is also required to protect the public from wrongful acts committed by a mortgage broker.

Notary Public Bond California

A notary bond, also known as a notary public bond, is a bond that is required by the state of California to engage in the business of witnessing signatures on documents. 

Indiana Garnishment Bond

Indiana Garnishment Bond AmeriPro Surety Bond | 844-589-9732   Surety Bond; Purpose and Amount   As plaintiff in an Indiana civil court proceeding, the court may allow you, prejudgment, to seize the account, assets, or wages of the adverse party.  The seized...

Indiana Attachment Bond

Indiana Attachment Bond AmeriPro Surety Bonds | 844-589-9732   Surety Bond; Amount and Purpose   An Indiana attachment order (aka ‘writ of attachment’ or ‘plaintiff’s attachment’) allows you, the plaintiff in a civil litigation proceeding, to seize and take...

Ohio Garnishment Bond

Ohio Garnishment Bond AmeriPro Surety Bonds | 844-589-9732   Surety Bond: Definition, Amount, and Purpose   An Ohio garnishment order allows a plaintiff in a civil litigation proceeding to seize the assets, wages, or accounts of a defendant, prejudgment.  A...

contact us

Office: 1 (844) 589-9732

Hours of Operation:

Monday – Friday 6 am to 5 pm (PST)