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Updated over 1 year ago on . Most recent reply
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Finding out theirs a lien on property 1 year later
Hi Everyone,
I ran into an issue. I am currently refinancing a rental property that i purchased 1 year ago and came to find out that there is an existing lien on the title prior to when I was owner. A few months ago I got a notice that their was a lien for code violations and paid $550 in fees. I thought that was it. Now that we are about to close on this refinance in the next 2 weeks turn out their is another lean on title for $1600. Is their anything I can do, besides pay another fee? Was this my fault, the agent who helped or title/escrow company? Any advice will help. Thanks!
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Quote from @Jose Solis:
Hi Everyone,
I ran into an issue. I am currently refinancing a rental property that i purchased 1 year ago and came to find out that there is an existing lien on the title prior to when I was owner. A few months ago I got a notice that their was a lien for code violations and paid $550 in fees. I thought that was it. Now that we are about to close on this refinance in the next 2 weeks turn out their is another lean on title for $1600. Is their anything I can do, besides pay another fee? Was this my fault, the agent who helped or title/escrow company? Any advice will help. Thanks!
This is why you have title ins .Call the title co that closed it for you