CHAPTER 13 The Distressed Home essed Home
Among the most common conditions that disrupt a real estate transaction is a “lien.” A property lien on a home is an unpaid debt that could squelch your home sale. A lien is a legal notice that’s filed in the county court in which the property is located securing an unpaid debt with a “hold” against the property. If a creditor wants to get your close attention and/or to secure the payment of the debt, it could take legal action by placing a lien on your biggest asset—your home. Liens are more common than most buyers and sellers realize. A lien can result from unpaid taxes (federal income or county/ municipal property), a court judgment, or unpaid bills (e.g., utility services). Liens attach to your property and give the
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