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Real Estate Tips
Titles >Liens Against the Title

Occasionally homeowners who are trying to sell their home are surprised to learn that their title is encumbered by a lien. There are several types of liens; the most common are mechanic's or contractor's liens.

The lien (or debt) must be paid off in order to be cleared. If the owner prefers to challenge the lien, he can release it by posting a bond, pending adjudication. In some types of liens, a title search may disclose claims against the property by an ex-spouse or long-ago heir of a former owner. A simple "quitclaim" deed may be used in these cases. By signing the deed, the person involved signs over whatever rights he or she might have, without laying any claim to the property.

Most real estate transactions involve at least some minor unresolved issues on the part of either the buyer or the seller. This is where an experienced real estate agent can provide solutions to resolve the issues and conclude the sale.

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The Young Team, REALTOR®, real estate agents and broker for Cleveland, Solon and Pepper Pike, Ohio home listings, property and land for sale - NUMBER1EXPERT(tm)

The Young Team
Keller Williams® Greater Cleveland

27950 Chagrin Blvd.
Cleveland, OH 44122
Phone: 216-378-9618
Fax: 216-274-9901
Email: Terry@YoungTeamRealtors.com


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