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is it possible to know how much will be the liens exactly before sigining a contract?

Asked by Voices Member, Thu May 7, 2009

is it possible to know how much will be the liens exactly before sigining a contract? (Detroit)

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you have the property id, a trip to the recorder's offer will give you all the answer you need as far as liens.
another word your doing your own title search. I hope that helps.
0 votes Thank Flag Link Fri May 8, 2009
good morning...the comment below is a great one...i assume you are referring to signing a purchase agreement.......if you are referring to signing a land contract.....insist that there is a title committment done, and that it is done without standard exceptions...i would put in the p/a that the offer is subject to your favorable review of the title committment..i hope that helps....bob mcclure...
0 votes Thank Flag Link Fri May 8, 2009
No way to know outstanding liens until Title work is completed. What is important is that at the closing, all liens have been removed except yours (your mortgage). Your agent and possibly an attorney will assist you here.
0 votes Thank Flag Link Fri May 8, 2009
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