Saturday, January 7, 2017

Lien Search Companies Can Help Make Your Home Purchase Trouble-Free

According to the National Association of Homebuilders, the annual rate for existing home sales in July 2016 alone was a whopping 5.57 million properties. Compare that to just 654,000 for new home sales and it’s clear to see that many Americans see the value and convenience that buying a preowned home offers.

That being said, there are a few wrinkles that can affect your purchase of an existing home:  a property lien is one of the most troublesome. Basically, a lien is placed on a house if the owner has any outstanding obligations. As such, the owner cannot simply sell his or her house—the lien has to be cleared first.

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