Debt Collection
Liens
Property Law

If a surviving parent has a lien against property they own and now they reside in a nursing home can ownership be transferred by quick deed?

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Wiki User
2013-02-28 15:40:49

Yes, as long as the buyer is willing to accept title subject to

the lien, in other words, pay it off to clear the title, or accept

the risk that nobody else will ever want to buy it with the

lien.

Many people buy properties with liens, fully expecting to pay

off the liens as part of the "price" of ownership, and the

compensation to the seller is adjusted accordingly.

For example, I offered to buy a property in foreclosure and pay

off the lien for timber

"http://taxes.answers.com" title="taxes">taxes as part of the

"deal." Buyer pays off the notes, seller pays off the tax liens,

obtains clear title and an extra tax deduction.


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