Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 9 years ago,
Question on lien, change of title & recourse
For the sake of asking this question I ask by scenario....
What if a property was gifted to me via quit claim. After looking into the title records I find "an order of the court" by which a creditor lien was attached to the said property. From what I understand whenever a change of ownership takes place, the county may send a notification to that lien holder indicating new owner.
Can that lien holder that attached the lien through the courts come and try to collect from me personally? I understand that the lien will no doubt come to surface when an common sale takes place. In this case, I plan to keep the property but I question what the original lien holder can do to me. Is there any recourse? Can the creditor request some investigation?
Thanks for your help