Friday, February 18, 2022 / by Capprice Kitchen
Along with other pre-listing tasks, such as repairs and curb appeal projects, sellers should order a title search to determine if any liens are on the property. Some liens are expected, such as the mortgage lien which ensures any home loan is paid off at the time of close, but others might come as a surprise. Here are a few liens which can derail your closing.
· Mechanics Lien – A contractor may place a mechanics lien on your home to make sure they are paid after a home project.
· Divorce Lien – Even if you and your spouse have agreed on the sale of the home, the court may need to approve the sale before the lien can be removed.
· Homeowner’s Association – Past due HOA payments. ...