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Updated over 8 years ago,
West Palm Beach FL Gap Lien on property under contract
BP,
Have a question for investors. Currently have a multi-unit property under contract. The property came back with a few utilities bills that were liens. But we also found out there is a code enforcement fine that has not turned into lien as of yet. The fine is over 40k. So the title company is telling us that this is a gap lien (never heard of that term). But they said these liens were recorded after a foreclosure and they should have been wiped out. I advised we have a certificate from the city saying these fines are applicable. I advised them can't proceed until they have been taken care of. Am I missing something, why would a title company tell me don't worry about the fine? Other than to get paid...