![]() Many municipal departments keep this information in their own records and require special requests to access it. Unlike mortgage, mechanic’s, and tax liens, not all municipal liens that stay with the property are held in the public record. How long will a lien on your property last?įor the most part, these liens will remain as a “cloud” on the title of the property until they are paid and properly cleared by the lien holder. Some common types of liens found on properties: In some cases, they have the legal right to sell your property in order to recoup the debt or foreclose on you. There can be several different kinds of liens placed on a property, each indicating the entity or individual with the interest. For those looking to get into the real estate investing game by buying properties at foreclosure sales, paying close attention to and understanding the different types of liens that could affect the property will be the surest route to success.Ī lien is non-possessory security interest on a piece of property. When buying any kind of property, especially a home, buyers need to be aware of the potential problems that may arise if prior liens aren’t satisfied before taking ownership.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |