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Updated almost 8 years ago on . Most recent reply

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Jason Richey
  • Oregon, OH
12
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23
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a question about liens

Jason Richey
  • Oregon, OH
Posted
Say a property has a lien on it, now everybody collectively say "don't buy it", but jokes aside if a seller can sell a property with a lien on it then what real threat or problem does a lien pose? If I can buy it with a lien on it then can't I just turn around and sell it while ignoring the lien too? I don't have a property in mind, it's just a thought I was pondering and couldn't figure out what a lien actually does.

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Nick C.
  • Specialist
  • Tampa, FL
2,947
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Nick C.
  • Specialist
  • Tampa, FL
Replied

It depends on what the lien is for and who put the lien on the house. Worse case scenario if you don't pay the line back the property could get foreclosed on. I'd take a lien seriously. It doesn't mean you can't buy a property with a lien, you just have to know how to deal with it. 

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