Is There a Lien on Your Property?

  • March 4, 2016
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houseA property for many of us is the biggest purchase we will ever make so we need to make sure we get our affairs in order and do things properly. Checking if there is a lien on your property may be an important part of that. A lien is the right of a creditor to offer sell the property to raise money if a loan has been taken out against it. A lien exists, for instance, when an individual takes out a car loan or of course mortgage, the most common we deal with in the property. The lien holder is the bank that allows the advance, and the lien is discharged when any borrowing has been paid.

A lien release is a document which is normally created when the bank or whoever is in charge of the lien in your property, writes off the lien officially, making the property available again to buy as per normal.

You can find a Lien Release Form Download on this site and it is able to give you the legal cover you need when releasing a property from this kind of arrangement and making sure the debt has been properly written off, nobody wants to be purchasing or dealing with a home or commercial building with debt against it and freeing it from this is many peoples priority. They normally are released within 30 days of debts being paid off and the process can be relatively straight forward if you jump through the right hoops.




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