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Updated over 8 years ago on . Most recent reply

User Stats

130
Posts
16
Votes
Nick M.
  • Rental Property Investor
  • NY
16
Votes |
130
Posts

Can I receive clear title?

Nick M.
  • Rental Property Investor
  • NY
Posted

I am a cash buyer of a small multi unit property in NJ (short sale).   The property has a judgment lien from 15 years ago from a corporation that dissolved in 2015. It is for approximately $26K. Assuming I was willing to pay the lien (which frankly I don't), it would be difficult to find out which stockholders are entitled to the money. The one stockholder that the attorney of the creditor (company) said, he knew one of, has passed away.

Given this situation is there any way I can receive clear title?

Thanks so much!

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