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The judgments must be paid off in order to clear the title. You should not consider buying property unless you are represented by an attorney who specializes in real estate, especially property that is owned by a debtor. There are many different places an attorney will check for any liens against the property. If you are represented by an attorney it will be the attorney's responsibility to make certain all the liens are paid off and properly released of record.
What else can I help you with?
Can you be responsible for judgments against the previous owner of your property?
Absolutely yes, if you didn't make certain they were paid by the former owner before you paid for the property and took title.
How do you get full ownership as co buyer?
Ask the co-owner to transfer their interest in the property to you. Offer to buy them out.Ask the co-owner to transfer their interest in the property to you. Offer to buy them out.Ask the co-owner to transfer their interest in the property to you. Offer to buy them out.Ask the co-owner to transfer their interest in the property to you. Offer to buy them out.
What is the purpose of a title search?
To determine the owner of the property, the liens on the property and the judgments against the owners that may attach to the property. It is done to assure the buyer and/or the lender that the title is clear and marketable.
How does one become a property owner?
Simple, buy a f....ing property
If we goto dubai on 1 year work visa and we buy a business and property there but the visa is over then are we still the owner of that property and business?
If you go to Dubai on 1 year work visa and buy a business and property there and then your visa expires, you will still be the owner of that property and business.
Does the person have the right to sell property on her name when the money to buy the property is from her live-in partner?
Absolutely yes. If the property is in her name then she is the owner and has the right to sell it.Absolutely yes. If the property is in her name then she is the owner and has the right to sell it.Absolutely yes. If the property is in her name then she is the owner and has the right to sell it.Absolutely yes. If the property is in her name then she is the owner and has the right to sell it.
What is a lien on real estate?
When property taxes go unpaid, the city holds an annual auction offering individuals looking to buy investment property to purchases as many tax liens as they want. When you purchase a lien, you are not fully purchasing the property. You just paying the property owner's taxes and getting the lien certificate.If the property owner will not pay the tax within the given time, then lien holder can foreclose on the property. If you want to know how to buy tax lien properties visit realestatetaxliennetwork.com
Can you get insurance on a home that was willed to you?
Yes, If you are the owner of the home. you can certainly buy insurance for your property.
You have liens against your property that are not your debts the title search company found this during a title search what can l do?
If you do not have an Owner's Title Insurance Policy (meaning an Owner's Policy you took out when you bought the property OR the current owner's Back title if this is a property you are buying), you as the current owner, or the seller as the currentowner, will need to clear prior owner's chain of title. This is one of the reasons it is very important to have the property searched before you buy and to make the small investment into Owner's Title insurance. If the liens are judgments (meaning the prior owners actually had court proceedings filed against them), you or your attorney will need to contact the creditors to find out if the debt was ever paid. Sometimes common names come up in the title search that are not actually your party to the chain of title - In most states lien automatically attach to the property, not the person. Therefore, even though the liens are not yours, they do belong to the property. If you are the owner of the property and you HAVE an Owner's Policy, it is a claim against the title agency and underwriter who did the initial searches and issued the policy. You would go back to them for remedy as they should have caught this when you were buying the property and before they insured.
If you are paying taxes on a property in Texas does that make you the property owner?
No, paying property taxes on a property does not make you the property owner. Only a properly executed deed naming you as the owner would make you an owner.
Can you buy a house for your daughter to live in with an FHA loan?
No. FHA loans require that the property be owner-occupied.
What can happen to a home or farm when the owner fails to pay off loans taken to buy the property?
Foreclosure.
