BOND SERVICES WE OFFER
Contract bonds guarantee the performance of public or private contracts.
Guarantee that bills received by a contractor for labor and materials will be fully paid. This includes payments to subcontractors and suppliers. Payment bonds are usually issued concurrently with performance bonds.
Guarantee that a contractor will perform all work according to the contract, plans, and specifications at the agreed price within the time allowed.
Guarantee that the contractor bidding for a project, if awarded, will enter into a formal contract with the owner and will provide performance and payment bonds.
Maintenance and Warranty Bonds
Guarantee that a contractor will correct faulty work and replace defective materials over a specified period of time.
Court bonds guarantee that a person or organization will faithfully perform certain duties defined by law or by a court.
Typically divided into Defendant Bonds and Plaintiff Bonds. Defendant bonds obstruct a plaintiff’s action or delay the payment of a judgement. Plaintiff bonds protect the defendant should the plaintiff lose the lawsuit.
Guarantee that the person or persons entrusted with the care of others’ property will perform their duties faithfully and account for all property received.
Release of Lien Bonds
Allow the owner to release a 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 due to them with interest and cost should they win the case in court.
Release of Stop Notice Bonds
Allow the release of construction funds that were withheld due to a stop notice.
Subdivision bonds come in all shapes and sizes: from guaranteeing the construction of streets, sewers and sidewalks, to guaranteeing that engineers’ and surveyors’ monuments are accurately and timely placed.
Guarantee the required public construction and improvements, not the overall development.
The Department of Real Estate (DRE) has bond requirements for developers. These bonds guarantee that HOA assessments are paid during the time when there are not enough homeowners to cover the HOA dues.
License & Permit Bonds
Bonds that are required by federal, state, or municipal governments before they will grant a license. In most cases, these bonds guarantee that the entity being licensed will comply with laws that govern the business it conducts.
A type of license and permit bond that protects escrow and title agents from financial loss due to fraud.
Lost Trust Deed Bonds
This bond allows a lien to be removed, which in turn allows the Trustee to proceed with the reconveyance. This is usually required when a property is being sold and there is no proof of payoff on an existing lien.
These protect the public against financial loss due to wrongful conduct by a notary. Required during entire notary commission.
Structured Settlement Payment Transfer Bonds
Required for structured settlement purchase companies to register their business in certain states.
And any other bond you may need!
NEED A SURETY BOND?
Chances are, you are reading this because you need a surety bond and you aren’t exactly sure what a surety bond is. Surety bonds are a third party financial guarantee for some obligation that you are undertaking. Like other financial products, such as a loan, mortgage, or line of credit from a bank, the surety bond underwriting process can appear to be overwhelming. As such, you need a guide and…