Under the current system, a home buyer typically pays thousands of dollars to hire someone to go to the county courthouse and search through documents for
any outstanding liens on the property.
Not exact matches
This might sound nuts, but there are cases where taxes and
liens on a
property, combined with the
outstanding mortgage and taxes, mean there isn't enough money in the deceased's life insurance policy or savings and investments to cover the difference.
A
lien may have been placed
on a
property to ensure payment of
outstanding debts by the owner.
Thereafter, the financial institution would hold a
lien on the
property for the
outstanding balance which would become an encumbrance
on the owner's estate.
Having equity means the market value of your home is greater than the
outstanding balance of all
liens on the
property — that is, your mortgage loan, any second mortgage or home equity loans, plus other
liens, such as tax
liens or Homeowners Association dues.
They Can Put A
Lien On Your Property Canada Revenue Agency has a right to put a lien against your property for outstanding debt you may owe t
Lien On Your
Property Canada Revenue Agency has a right to put a lien against your property for outstanding debt you may o
Property Canada Revenue Agency has a right to put a
lien against your property for outstanding debt you may owe t
lien against your
property for outstanding debt you may o
property for
outstanding debt you may owe them.
Liabilities include credit card debt, mortgages, car loans, personal loans, monthly rent, unpaid taxes, child support / alimony requirements, any
liens on personal
property, garnishments,
outstanding court judgements and student loans.
Many localities have the ability to place a
lien on your
property if citations remain
outstanding.
Home equity is the difference between your home's fair market value and the
outstanding balances of all the loans and other
liens on your
property.
Having a tax
lien applied to your
property is going to destroy your credit score, and the
lien will remain
on your score for as long as you owe back taxes, so the best way to deal with the
lien and repair your credit is to repay the
outstanding debt.
Home equity is the difference between the current market (appraised) value of your home and the
outstanding balance of your mortgage and all other
liens on the
property.
However, hidden hazards may lurk under the surface of a transaction in the form of an
outstanding lien, pending legal action against the
property, possible tax issues and more, all of which could place a severe financial burden
on the new owners.
Even in a cash transaction where no lender is involved, the buyer and seller may have to deal with all sorts of complications, such as removing any clouds
on title (like satisfying any
outstanding mortgages or paying any tax
liens) or satisfying any municipal violations (for things like overgrown grass or excessive trash
on the
property).
A
lien may have been placed
on a
property to ensure payment of
outstanding debts by the owner.
research
on a
property title usually conducted by a title company to determine if there exist any
outstanding liens against the
property prior to a sales transaction.
Our team can help you in whatever situation you may be facing: Behind
on taxes Avoid Foreclosure Inherited
Property Fixer - upper Outstanding water / Sewer Bills and other liens Owe more than the property is worth (Short Sale) Bankruptcy, Divorce Tired Landlord We have helped out many people in many different sit
Property Fixer - upper
Outstanding water / Sewer Bills and other
liens Owe more than the
property is worth (Short Sale) Bankruptcy, Divorce Tired Landlord We have helped out many people in many different sit
property is worth (Short Sale) Bankruptcy, Divorce Tired Landlord We have helped out many people in many different situations.