If you are currently in the process of buying a new home, it is important to understand the problems that existing liens can have. If there is currently a lien against the property that you are thinking about buying, you may not be able to secure financing for it. You may also have to worry about the home eventually being taken away from you if this debt is not paid, even if you aren't the one who owes the money. These situations can obviously really get in the way of the joy of buying your own home.
Luckily, a real estate attorney can help you with these potential problems. These are a few ways that your real estate attorney can help you with
Making Sure There are No Liens
First of all, you will need to conduct a title search against the property that you want to purchase. When
Making Negotiations With the Seller in Regards to Liens
If it is found that there are liens against the property that you want to purchase, your lawyer can help you handle the situation. Your lawyer might talk to the seller on your behalf about the importance of having these liens removed. Then, your attorney may even be able to negotiate a slightly lower price point for waiting and dealing with the aggravation.
Ensuring Lien Issues Have Been Taken Care Of
Before you can (and should) purchase a home that has a lien against it, the lien should be taken care of by the seller. Your lawyer will check to make sure that these issues have been taken care of and will collect the necessary paperwork and evidence to show to your lender. After proving that the lien has been satisfied, your lawyer can help you move forward with purchasing the home in other ways as well, such as looking over contracts.
As you can see, your real estate attorney can help you out greatly with the lien situation for any property. Before purchasing any home, consider hiring real estate attorneys to conduct a title search and help you with these other things, if necessary.Share