answersLogoWhite

0


Best Answer

No. That is not morally good nor is it legallygood. A prudent buyer has executed a purchase & sale agreement wherein you agreed to convey good title free and clear of any liens or defects except the ones that have been disclosed. Also, a prudent buyer is represented by an attorney who will arrange a title examination. The title examination is required by the bank that will extend the purchase money mortgage and will reveal any outstanding liens. Those liens must be paid before the property is transferred.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Is it good not to tell the buyer the house has a lien on it?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Should the seller of a house tell a buyer of existing damage to the house?

Most places have laws that require the seller to disclose all known problems and damage to the buyer! If the buyer finds an issue that was not disclosed and has evidence that you would have known about it, you will be in trouble!


How do you persuade someone to buy a house?

tell them good things about the house


Is the bank supposed to contact you if there is going to be a lien againts your account?

Check the laws of the state the account is in. But, Yes, the bank has to contact you to tell you the account is frozen by a lien. It will also tell you that you have a certain amount of time to go to court to object to the lien for whatever reason you think the lien is improper.


If you are current on your house and car payments can the credit card people take that away from you?

no they just tell u that so u pay but just in case get a homestead on ur house that way no one can put a lien on it


As a lien holder in Iowa how can you recover your expenses once the cattle are sold?

you can tell the expences by the price really Better get a good lawyer involved. Kowboy10


How can you tell when your girl friend is lien?

You can't. That's the problem


Must a loan company that bought a car dealer's contract on a vehicle honor the terms on that contract that was signed by the buyer of the car if no new contract was made between the new lien holder?

most definatly, and don't let the new company tell you otherwise.


Who is the buyer for hat world inc?

I can answer that but why would i tell you!


Can you sell a car that still has finance if you are going to pay the balance off with the profits?

Yes it is possible if the lender agrees to this. Talk to the lender and tell them what your plans are. They will have to provide a lien release in order for you to sell the vehicle. Another way is to take the funds from the sale, immediately pay off the loan and get the lien release. Then transfer the car into the buyers name. All this is Dependant on the buyer agreeing to let you do this.


Do house sellers tell you if a house is haunted?

A seller should tell you all about the house. If you are concerned about a house being haunted, ASK. If this house has a real estate agent, the agent must find out if there are any stories of this house being haunted. Always remember the saying, BUYER BEWARE.______________________________________________________________________I think a seller should tell you if a house is haunted. But a seller won't tell you if they want to sell it quickly. If the house looks suspicious alwaysASK the seller.BY:PERLA___This answer would fall under state laws concerning disclosure of pre-existing conditions on the house known to the seller. Some states do not require disclosure of problems, as long as the buyer is allowed to do a complete inspection of the property. Other states require that the seller disclose problems which might not be discoverable by the buyer upon inspection (ie: the plumbing leaks in the winter, but the buyer is inspecting in the summer when there is no evidence of leakage).There was a case in Nyack New York (Stambovsky v Ackley, 1991) where the seller was sued by the buyer for misrepresentation, when the buyer learned that the house was thought of as haunted by the local community. The seller of the house lost the case, mainly because they had written to local newspapers and Readers Digest claiming the house was haunted, and thus were omitting a fact to the seller that they had previously gone to great lengths to publicize.Property disclosure laws differ from state to state, so you'd need to check with a lawyer in your state if you think you have a case against your seller.Of course, ghosts don't exist... so you risk making yourself look very foolish in the national news when you try to pursue and kind of lawsuit there.


What if your 17 brings marijuana in your house?

tell him its not good for him, and you dont approve


How do you find out if a lien is satisfied?

call your bank they will tell you and have them send you a release