Property Liens: What They Mean For You
Posted by Gary Ashton on
The ultimate goal for home buyers purchasing a home with a mortgage is to ultimately pay off the home loan so they don’t owe anything on it, making the home 100% their property. Until the home loan is paid off, the mortgage provider has a claim to ownership of the property, which they can act on if the homeowner stops making their mortgage payments. It’s important for home buyers and sellers to be familiar with property liens when trying to buy or sell a home because a lien can add extra difficulties to a sale. Here is what everyone needs to know about property liens.
For informational purposes only. Always consult with an attorney, tax, or financial advisor before proceeding with any real estate transaction.
What Is a Property Lien?
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