8/19/2021
Selling a House with a Lien | Kevin Brunnock | NYC Real Estate Professional
Kevin Brunnock | NYC Real Estate Professional (https://kevinbrunnock.com Selling a House with a Lien by Kevin Brunnock (https://kevinbrunnock.com/author/kevinbrunnock/) on August 19, 2021 (https://kevinbrunnock.com/selling-a-house-with-a-lien/) in Kevin Brunnock | Real Estate (https://kevinbrunnock.com/category/kevin-brunnock-real-estate/)
Many homeowners find themselves in a position where they must sell their current home even though there is a lien against the property. They worry that the lien could possibly hinder their ability to market the house.
What is a Lien Investopedia (https://www.investopedia.com/terms/p/property-lien.asp) describes a property lien as a: “legal claim against property that allows them to collect what they’re owed.” The two types of liens that are placed on the property are voluntary and involuntary. Voluntary liens are the most common. They refer to contracts that property owners know about. Voluntary real estate liens usually involve mortgages and home equity loans. Involuntary real estate liens are more complicated and often catch the property owner by surprise. Some people don’t learn about the involuntary lien until they attempt to sell the property. Most involuntary real estate liens involve problems with property taxes or unpaid construction bills.
How Liens Impact Real Estate Sales https://kevinbrunnock.com/selling-a-house-with-a-lien/
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