what if the owner owes liens or tax will you own the property?

Asked by Corry, Philadelphia, PA Tue Jan 27, 2009

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____________…, Home Buyer, Texas
Tue Jan 27, 2009
Be advised that title insurance does not cover any recorded liens and never covers mechanic's nor tax liens regardless of recordation.
0 votes
Michael Rosa…, , Turnersville, NJ
Tue Jan 27, 2009
You can buy a property and take exception or subject to the liens, taxes etc. but you will then be responsible for those items. People sometimes do this to come up with less money at settlement.
0 votes
Terrence Cha…, Home Owner, Allentown, PA
Tue Jan 27, 2009
Hmmm?

If you are asking if you can purchase a home from someone if there are liens or taxes owned, then no. The transfer of a property will not be transfered during the process of a normal sale without all liens or taxes being taken care of. Once you have ownership of the property, the taxes will be up to date and the only liens will be the ones put there by your bank to purchase the property.

Mind you, I said "normal" sale. If you get the property through a tax sale, liens are still there. If you get the property through the foreclosure sale, the property is supposed to be free of other liens, etc. But this is, at times, not the case.

Hope that helps.
0 votes
Peter Lavelle, Agent, Philadelphia, PA
Tue Jan 27, 2009
Good Afternoon Cory,

You can take ownership of a property with liens, however you will be responsible for those liens.

Peter
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