Imagine finding the perfect buyer for your home. The paperwork is being drawn up, you’ve started packing, a property lien search is being done, and the closing date is coming up quickly. Right before closing, you get a call. There’s a lien on your home. The buyer isn’t sure he wants to buy your house now, and you’re left trying to figure out what happened and having to find a new buyer.
Buying or selling a home with a property lien can bring the transaction to a halt. It leaves everyone scrambling to find out what to do next.
By conducting a property title search before you sell your house, you can avoid these unpleasant surprises or create a plan to take care of any liens on your property. Here’s what you need to know about a lien search.