Home Buying in Houston>Question Details

yoti, Home Buyer in Houston, TX

What does it mean when a lien on a property has been closed?

Asked by yoti, Houston, TX Tue May 21, 2013

Help the community by answering this question:

Answers

4
BEST ANSWER
A lien can be satisfied, paid and recorded .....
2 votes Thank Flag Link Tue May 21, 2013
Yoti,

It could mean several things. If there was a sale, that could mean the transaction is "closed and funded" meaning money has changed hands from buyer to seller and the exchange of the property has occurred.

Possibly a loan was paid off on a property by someone and now it is closed. Now that property is free and clear of any liens.

There could also be a situation with a lender and a foreclosure where that lender has "closed" the loan which could mean the home is foreclose on, they have written off the loan, etc.

It helps to know it what situation your speaking off. Let us know if we can assist you.

Mark McNitt
m 832-567-4357
Bernstein Realty, Inc.
0 votes Thank Flag Link Wed May 22, 2013
Hello,
It could mean that the lien was released because payment was settled. It may also be that a lien that was filed could have expired and not re-filed.
0 votes Thank Flag Link Tue May 21, 2013
Not part of the conversation for all the particulars would safely agree with Debbie statement


Lynn911 Dallas Realtor & Consultant
Multimillion Dollar Sales Producer
972-699-9111
http://www.lynn911.com 100's of Dallas homes listed for sale or lease

Follow me on Facebook
http://www.facebook.com/lynn911dallas
0 votes Thank Flag Link Tue May 21, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer