Home Buying in West Hartford>Question Details

dst06, Home Buyer in 90210

Does it need to be noted on the listing when a home that's being sold has a lien filed against it with the town clerk?

Asked by dst06, 90210 Wed Aug 14, 2013

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4
Is there a way for the seller to bond out of the lien without directly paying the lienor?
0 votes Thank Flag Link Tue Oct 1, 2013
The seller could put the money in escrow, but the lien still remains on the home and the new owners are now liable to repay the loan as well.
Flag Wed Dec 18, 2013
GENERATIONS REALTY GROUP- West Hartford. This is a Question you absolutely should consult your attorney about, but in general it is best to disclose any liens against the property, as they will show up when the buyers attorney does a title search prior to closing. This way it can be discussed before you get to the closing table, which is not a good place for surprises. Your agent should always be aware of any liens, when listing the property if they are doing their due diligence by looking up the deed and any variances that may affect your sale. Not all sellers are aware that there may be some hidden facts, that they should be aware of prior to a sale as well. A good realtor will guide you ALL the way through.
0 votes Thank Flag Link Wed Aug 21, 2013
Hi Judi,
So what happens now that an offer has been accepted, yet the seller has not been willing to pay off the existing lien on the property. I'm assuming the buyers mortgage company will catch wind that the title isn't clear prior to closing.

Thank you.
Flag Thu Oct 31, 2013
Not unless it somehow impedes the sale. As long as the seller is willing and able to pay off any liens against the property at close, it is of no concern to the buyer.
Web Reference: http://www.homesbyminna.com
0 votes Thank Flag Link Sat Aug 17, 2013
You should disclose this information to your listing agent yes.
If you don't it will be found out anyways when the buyers attorney does his title search. You will
be required to pay off the lien at closing. Best to discuss this with your attorney. Amanda
0 votes Thank Flag Link Wed Aug 14, 2013
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