Sunday, September 30, 2012

Buying a short sale with an hoa lien - Zillow Real Estate Advice

If you are purchasing title insurance, your title company will perform a title commitment prior to closing. This should tell you what liens are outstanding on the property. Your title insurer won't sell you a property with known outstanding liens as they could become liable for them.

Often HOA's will charge a fee for this information and I am guessing the sellers don't want to incur the fee until they're absolutely sure the sale is closing.

Source: http://www.zillow.com/advice-thread/Buying-a-short-sale-with-an-hoa-lien/461910/

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