Any real estate peeps here?

[PICK3]

If you purchase a lot can the liens held by the past owner be assigned to you?

 

[timtim]

If you purchase a lot can the liens held by the past owner be assigned to you?

are you business partners or family of the past owners? if not, how could you be responsible for the former owners debt?

 

[miplank]

how can you purchase the lot with leins against it?

 

[jnevin]

That's what title insurance is for.

 

[PICK3]

That's what title insurance is for.

thx ... just found that out

now it seems the Title Insurance Co. is undergoing a "Limited Market Conduct Examination"

whatever in the fuck that means

 

[rnch]

Title Insurance is your friend in situations like this.

 

[PICK3]

Title Insurance is your friend in situations like this.

knot my friend ... I don't own any real property

I spend all my money in seedy bars on women of questionable morals.

 

[shrimp poboy]

knot my friend ... I don't own any real property

I put all my money in the-strings of the well hung boys at oz


Really?

 

[Johnny Cakes]

the price on Glory Hole locations is on the rise if that is your question.

 

[SpyWizard]

the "liens" are satisfied before the owner gets the cash..

so.. yes, you will assume the debt..

if you pay outside of title insurance..

 

[PICK3]

the "liens" are satisfied before the owner gets the cash..

so.. yes, you will assume the debt..

if you pay outside of title insurance..

^^^
I don't understand any of this

The liens are satisfied but the new buyer assumes the debt?

btw, the person in question does have title insurance for the total amount of the property