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How To Sell Property With a Mechanics Lien

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In real estate sales, any type of lien can be a deal breaker. Having a lien on a property for sale is an inconvenience for both buyers and sellers, but it is surmountable. Discovering a lien prior to closing will delay if not negate mortgage approval. In the meantime, seller will have to contend with additional expenses tied to clearing the lien and the delay in title transfer.


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Published In: Construction Law Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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