Can I buy a house with a lien on it?
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Can I buy a house with a lien on it?
While some buyers are willing to acquire property with standing liens, most buyers will be wary to do so. However, if they really want the property, they might be willing to discuss buying the property with the lien and arranging some kind of payment agreement with the seller.
How long is a lien on a house good for?
180 days
Do liens ever go away?
In order to get any lien removed from the public record, after meeting the requirements of the lien, a release must be subsequently filed. Without the release, the lien will never go away and a settlement agent may need to be hired to clear or cure the title.
What is the difference between a lien and a Judgement?
The easy definition is that a judgment is an official decision rendered by the court with regard to a civil matter. A judgment lien, sometimes referred to as an “abstract of judgment,” is an involuntary lien that is filed to give constructive notice and is to attach to the Judgment Debtor’s property and/or assets.
