Different Ways To Do A New York Lien Search

Property liens could be an inconvenience if not properly settled. These show up at the most inconvenient time like selling a property or refinancing a mortgage. Apparently, you must clear your tax warrants first, so you can sell your property or underwrite a new loan.

Luckily, there are a few easy ways to help you do a New York lien search. Finding the records you need is very fast and simple. However, you must bear in mind that the correctness and completeness of the report depends on its source. Some options are better than the others.

Before attempting to do a lookup, you must first understand what a property lien is. In a nutshell, the state has the right to secure a tax warrant against you if you fail to pay your taxes. This warrant could lead to the seizure and sale of your property, income execution or a levy unless you settle the debt. The warrant is filed to the local clerk's office and the Department of State. This record is public, so anyone may have access to it, including credit reporting agencies. Hence, it could very well affect your credit score.

If a warrant was filed, you have to pay the full amount of your debt to clear it out. Once that condition is satisfied, a notice is forwarded to both Department of State and local clerk so they can update their records. Should an owner decide to sell a property in question, he could pay the debt with guaranteed funds. A Notice of Pending Warrant Satisfaction is then issued. This notice could be sufficient enough for most title companies so the liens are eventually lifted.

All concerned parties should be informed in the event a tax warrant was filed. The details like the amount to be paid, the concerned departments, the points of contact and the property in question are all specified in the notice being sent. Unfortunately, there are possibilities of notices not reaching its intended recipient for one reason or another.

As such, it is advisable to do a quick lien search before you do anything related to your properties. This includes loan applications involving your property as a collateral or mortgage refinancing. This way, you would know for certain whether it is clear to proceed or not.

The simplest and quickest option by far is through online lookup. Visit the state record's in its official website. Of you are searching in Albany NY, the information you are looking for can be found under Uniform Commercial Code tab. The page can be accessed by choosing State Tax Warrant Notice Search option.

You will be asked for certain search criteria like the city in the warrant address record, the warrant status, the taxpayer's name, the search type and the county it was filed in. You have to fill out each one for faster and more accurate result. After you viewed the report, you will have the option to either store it in your machine or print it for future use.

Finally, you can find the most accurate information by personally visiting the local clerk's office. Although the states make efforts to regularly update the data and ensure its accuracy, delays cannot be overruled. The records you secured online may not be entirely complete or correct. Best of all, the staff can answer any questions or concerns you might have related to liens.