Buying A House With A Judgement Lien. You don't have to pay these settlements before closing—liens against houses can be paid in multiple ways. Once the judgment lien is paid, a release or satisfaction of judgment is recorded in the land records, which clears the title to the property.
The first lien recorded against a property is senior and takes precedence. Of judgment with the court, but in most states, a release would also have to be recorded with. Depending on the laws in your state, this may mean simply filing a satisfaction.
Property Lien Search How to Find Out if There Is a Lien
You find your dream house, but when you run your title search you find out there's a lien against it! The buyer can include the lien in their offer, but the seller can use a short sale to sell if in financial distress. Im in the middle of a contract right now on a duplex with a property that has a $10k lien on it. You can search for uncollected money judgment, research defendant assets through a skip trace or asset search service, buy the judgment from the creditor, record them so they’re a lien on the defendant’s real estate, and then you can actively reaching out to the debtor (within the guidelines of the fair debt collection act) and offer to buy out the property using a.
