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Titles >Liens Against the Title
Occasionally homeowners who are trying to sell their home are surprised to learn that their title is encumbered by a lien. There are several types of liens; the most common are mechanic's or contractor's liens.
The lien (or debt) must be paid off in order to be cleared. If the owner prefers to challenge the lien, he can release it by posting a bond, pending adjudication. In some types of liens, a title search may disclose claims against the property by an ex-spouse or long-ago heir of a former owner. A simple "quitclaim" deed may be used in these cases. By signing the deed, the person involved signs over whatever rights he or she might have, without laying any claim to the property.
Most real estate transactions involve at least some minor unresolved issues on the part of either the buyer or the seller. This is where an experienced real estate agent can provide solutions to resolve the issues and conclude the sale.
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Christine Serwe & Lawrence "Mike" Dent
The Wells Group
901 Main Avenue
Durango, CO 81301
Direct Office : 970-375-3360
Office Fax: 970-259-5007
Serwe@frontier.net
Working with our team means you can always find friendly and honest service with a quick and professional response to your real estate needs when buying or selling real estate. See the difference!
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