Liens
Occasionally homeowners who are trying to sell their home are
surprised to learn that their title is encumbered by a lien. There are
several types of liens; the most common are mechanic's or contractor's
liens. The lien (or debt) must be paid to be cleared. If the owner
prefers to challenge the lien, he can release it by posting a bond,
pending adjudication.
In some types of liens, a title search may disclose claims against the
property by an ex-spouse or long-ago heir of a former owner. A simple
"Quitclaim Deed" may be used in these cases. By signing the deed, the
person involved signs over whatever rights he or she might have,
without laying any claim, guarantees or warranties with the property.
Most real estate transactions involve at least some minor unresolved
issues on the part of either the buyer or the seller. This is where a
Real Estate Professional can provide solutions to resolve the issues
and conclude the sale. This is for your protection. Need more info??
Work with one of Pensacola's finest Real Estate Professionals today! Call me anytime if I can help you at 850-341-4489 or
email me!
