Property owners desire to have their land “free and clear” of claims from anyone else. It will be impossible to complete a property deal if a title search uncovers an issue.
Likewise, buyers are wary of properties with liens on them. No one wants to purchase a house or piece of land only to discover that someone else has a financial or ownership interest in a portion of it.
Liens are court-ordered claims against a specified set of assets that allow creditors to collect what they are owed. A lien must be filed by a creditor and approved by a county records office or state agency. Property liens are governed by specific laws in each jurisdiction.
Some property liens are good; some are not. The lienholder can gain access to the property in case of unpaid debts. If a car, boat, or house owner fails to pay a contractor for services provided, for example, a property lien may be granted. Property liens are typically the last resort of a creditor when they are unable to collect on a debt.
Before signing any contracts that might consume your finances, it is best to seek legal advice first. Here are some of the ways our team of real estate attorneys at the Curry Law Firm can help you.
In a dispute over a property lien? The Curry Law Firm wants what is best for you. We have commercial and residential real estate lawyers with vast experience. We will keep the legal process as smooth as possible for you and help you devise a strategy to deal with any liens that apply to the property in question.
A real estate transaction is a major investment. It is important to make informed decisions. Let us help you. Contact one of our real estate lawyers now. Call us for a consultation at 713-678-0013.