How To Conduct Lien Search

In law, lien is a form of security interest granted over an item of property to secure the payment of a debt or performance of other obligations. The property owner who grants the lien is referred to as the lienee and the person who has the benefit of the lien is referred to as the lienor or lien holder.

There are many people who keeps on asking how do they determine whether the property has liens. Actually, you can easily determine that claims. Since, liens are public records, you can determine the claims through New York lien search. In fact, there are various options available for this matter. You can easily search it in the county recorder, clerk and assessors office through the internet.

Actually, a lien is a notice attached to the property and spread awareness to the world that any creditor is claiming what you owe. In general, it is filed within the county office or in the state agency. Most of these property liens are the best ways for many creditors to collect what they are owed, such as personal belongings, like cars or motor vehicles.

You only have to identify the address and name of the property owner. Once your state does not have the data available online, you can visit the office personally. Generally, you may also find these people very helpful in the process and could give you essential pointers you need. You should also contact the title firm. There are some representatives that would accommodate with your needs and help you to find the liens.

You may also need to determine if it has title insurance. Actually, this title insurance is another way to protect and secure you as one of the buyer from liens that you never expected such as those not recorded and documented. Like other insurance, they will write a check once you deal with liens.

If you also want to secure yourself from potential claims, then you have to ensure to acquire the owner title policy and not its lender policy that could protect the property buyer. Keep in mind that you should not count on the word of the dealer or even your real estate agent because they may not know about all kinds of charges and possible defects may occur in the title.

In order to refinance or sell your properties, you must acquire first a clear title. A claim to any of your car vehicles, house and properties can possibly make your title very unclear. To clear it up, pay first the charges. Hence, all creditors may also learn that putting a certain hold on real estate properties is not enough, but could give you assurance to collect what they owed.

Basically, creditors in Albany, NY have the right to have that properties sold to pay off their charges, by such a way of foreclosure sale. In most cases, mortgages was placed on the property before the charges and so must be paid off beforehand. If the creditor forecloses it, they should also keep up the payments on the mortgage or lose the estate.

Thus, instead of forcing a foreclosure sale, you should also have to wait until the properties are all sold. Buyers often would not purchase the estate if the title is not yet cleared up. So, the seller also uses the part of the purchase cost to pay the charges.