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Liens and other encumbrances are disclosed by a comprehensive title examination performed by a professional. This should be performed prior to the purchase. When you acquire real property by virtue of an unexamined quitclaim deed there are no guarantees that the grantor owns the land.
If you wish to check the record title yourself see the information at the related question link provided below.
Wiki User
∙ 13y ago
Wiki User
∙ 11y agoYou can visit the land records office and check the index under the last few owner's names to see if there is an outstanding mortgage or any mortgages that have been paid off. The staff will assist you. However, there are professional title examiners who do that kind of research. You may be able to find one by inquiring at the land records office if the task becomes too complicated for you.
You can visit the land records office and check the index under the last few owner's names to see if there is an outstanding mortgage or any mortgages that have been paid off. The staff will assist you. However, there are professional title examiners who do that kind of research. You may be able to find one by inquiring at the land records office if the task becomes too complicated for you.
You can visit the land records office and check the index under the last few owner's names to see if there is an outstanding mortgage or any mortgages that have been paid off. The staff will assist you. However, there are professional title examiners who do that kind of research. You may be able to find one by inquiring at the land records office if the task becomes too complicated for you.
You can visit the land records office and check the index under the last few owner's names to see if there is an outstanding mortgage or any mortgages that have been paid off. The staff will assist you. However, there are professional title examiners who do that kind of research. You may be able to find one by inquiring at the land records office if the task becomes too complicated for you.
Wiki User
∙ 11y agoYou can visit the land records office and check the index under the last few owner's names to see if there is an outstanding mortgage or any mortgages that have been paid off. The staff will assist you. However, there are professional title examiners who do that kind of research. You may be able to find one by inquiring at the land records office if the task becomes too complicated for you.
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What does a lien on real property accomplish?
The property cannot be sold or mortgaged until the lien has been paid.
What are purchaser's rights in an agreement of sale of a mortgaged property?
You need to review any particular agreement to determine what rights are provided to the purchaser. In the case of a mortgaged property, the mortgage must be paid off from the proceeds of the sale. You should always consult with an attorney when purchasing real property.You need to review any particular agreement to determine what rights are provided to the purchaser. In the case of a mortgaged property, the mortgage must be paid off from the proceeds of the sale. You should always consult with an attorney when purchasing real property.You need to review any particular agreement to determine what rights are provided to the purchaser. In the case of a mortgaged property, the mortgage must be paid off from the proceeds of the sale. You should always consult with an attorney when purchasing real property.You need to review any particular agreement to determine what rights are provided to the purchaser. In the case of a mortgaged property, the mortgage must be paid off from the proceeds of the sale. You should always consult with an attorney when purchasing real property.
What is Mortgaged property?
Mortgaged property is real property that has been used as collateral for a debt. The mortgage lien remains on the property until the debt is paid. Generally the legal agreement signed by the mortgagor gives the lender the right to take possession of the property and sell it if the loan is not paid. That process is called a foreclosure.
Does a judgment act the same as a lien when you sell real property?
When a judgment is recorded in the land records it becomes a judgment lien against the debtor's real property. That property cannot be sold or mortgaged until the lien is paid.When a judgment is recorded in the land records it becomes a judgment lien against the debtor's real property. That property cannot be sold or mortgaged until the lien is paid.When a judgment is recorded in the land records it becomes a judgment lien against the debtor's real property. That property cannot be sold or mortgaged until the lien is paid.When a judgment is recorded in the land records it becomes a judgment lien against the debtor's real property. That property cannot be sold or mortgaged until the lien is paid.
What happens to a promissory note if the creditor takes title to real property?
Real property can only be encumbered by a mortgage and not by a promissory note. A promissory note has no effect on real property it is only evidence of a loan. If the mortgagee acquires title to the mortgaged property the title merges and the mortgage is extinguished.
How do you determine joint property has been abandoned?
If you are speaking of real property then only a court can make that determination. You need to seek the advice of an attorney who specializes in real estate law.
What is the proper meaning for REO in mortgage terms?
REO- Real Estate Owned or Bank owned, which means the real estate property is no longer mortgaged~ as a result of forfeiture or foreclosure.
Can a monetary judgment be used to put a lien on personal and real property?
Yes. The plaintiff can request a judgment lien and it can be recorded in the land records or used by a sheriff to seize any personal property that can satisfy the debt. If recorded in the land records the defendant's real property cannot be sold or mortgaged until the debt is paid and the lien released.Yes. The plaintiff can request a judgment lien and it can be recorded in the land records or used by a sheriff to seize any personal property that can satisfy the debt. If recorded in the land records the defendant's real property cannot be sold or mortgaged until the debt is paid and the lien released.Yes. The plaintiff can request a judgment lien and it can be recorded in the land records or used by a sheriff to seize any personal property that can satisfy the debt. If recorded in the land records the defendant's real property cannot be sold or mortgaged until the debt is paid and the lien released.Yes. The plaintiff can request a judgment lien and it can be recorded in the land records or used by a sheriff to seize any personal property that can satisfy the debt. If recorded in the land records the defendant's real property cannot be sold or mortgaged until the debt is paid and the lien released.
If you are a title holder of real property but are not on the mortgage loan and or mortgage note of that property can a lien be placed against the real property if you file bankruptcy?
This would be a most uncommon situation...you own the proerty but other people have it mortgaged? Your bankruptcy effects everything you own, not just what you may owe on. Your ownership of this property is included.
Who is responsible for determine the value of real property?
tax assessor
When a case is closed and the only money collected is less than the amount of judgment what happens?
Return to the court and request a judgment lien. It can be recorded in the land records and any real property owned by the defendant cannot be mortgaged or sold until the lien is paid. The judgment lien can also be used by the sheriff to seize any other personal property to satisfy the amount owed.Return to the court and request a judgment lien. It can be recorded in the land records and any real property owned by the defendant cannot be mortgaged or sold until the lien is paid. The judgment lien can also be used by the sheriff to seize any other personal property to satisfy the amount owed.Return to the court and request a judgment lien. It can be recorded in the land records and any real property owned by the defendant cannot be mortgaged or sold until the lien is paid. The judgment lien can also be used by the sheriff to seize any other personal property to satisfy the amount owed.Return to the court and request a judgment lien. It can be recorded in the land records and any real property owned by the defendant cannot be mortgaged or sold until the lien is paid. The judgment lien can also be used by the sheriff to seize any other personal property to satisfy the amount owed.
What is the purpose of a real estate ucc search?
To determine if there is any property or special equipment attached to the property that has not been paid for such as a new furnace, water heater, air conditioner, commercial appliances, etc.
