Purchasing Property With a Lien

[Ray W.]

Hey BP community!

Have a couple of questions I hope someone can help me out with. I have a property under contract and received a call from the seller stating that there was a lien placed on the property by a relative that loaned them the money to purchase the property initially. They have been in contact with the relative who is willing to sign a release so that we can close on the property without any issues. I may wholesale this deal and don’t want any issues for my buyer. So my questions are:

1. Is there a form that releases the lien holder from title so that we can close?

2. If not, can we still close and proceeds from the sale go to the relative (lien holder) with whatever’s left over going to the seller?

Any insight would be greatly appreciated! Thanks