Removing Cloud of Title, But Adding Cloud of Additional Liability

On January 1, 2016, the latest addition to the Illinois Mechanics Lien Act, Section 38.1, will take effect.  Section 38.1 of the Act will permit an owner (or other person liable for payment of a lien claim, such as a general contractor) to substitute an eligible surety bond for the lien filed on the property.  A summary and analysis of this new Section can be found HERE.