Buying a Home - Learning about Liens
Part of a Realtors' job description is protecting their clients. In fact, you could say it's the biggest and most important part of our job. I'd like to talk about liens and how they come into play with buying a home.
There all kinds of liens you can run into if you're in the market to buy a home. A seller may still list their home, even if they have a lien on it, and payoff of the lien becomes negotiable. Liens can be filed for unpaid services like a mechanic's lien for work or services that have not been payed for, or tax liens for unpaid back taxes.
Perhaps a buyer and seller may agree to meet half way in paying off a lien depending on the size and amount and the agreed upon sales price of the home. Buyers…