Liens on Property

[David F.]

Hi all!

I'm a newbie, have not gotten my feet wet yet, I'm looking at a auction property and I notice on the title info a number of liens as such:

JUDGMENT AND LIEN INFORMATION
1. Company requires evidence of the Dismissal or Completion of Foreclosure
2. Judgment filed by and recorded on December 9, 2009 in (instrument) CEC 090011805, of the official property records of SUFFOLK County, NEW YORK against SLOMINS INC in the amount of $ 2,150.69.
3. Judgment filed by and recorded on June 30, 2010 in (instrument) SMC 100003674, of the official property records of SUFFOLK County, NEW YORK against MIDLAND FUNDING LLC in the amount of $ 3,017.98.
4. Judgment filed by and recorded on May 24, 2011 in (instrument) CEC 100011991, of the official property records of SUFFOLK County, NEW YORK against CACH LLC in the amount of $ 4,918.03.
5. Judgment filed by and recorded on June 8, 2011 in (instrument) BAC 090004211, of the official property records of SUFFOLK County, NEW YORK against DISCOVER BANK in the amount of $ 8,394.47.
6. Judgment filed by and recorded on January 18, 2013 in (instrument) BAC 120000633, of the official property records of SUFFOLK County, NEW YORK against GE CAPITAL LVNV FUNDING LLC in the amount of $ 7,325.50.
7. Judgment filed by and recorded on January 14, 2014 in (instrument) CV 05119912 BA, of the official property records of SUFFOLK County, NEW YORK against PORTFOLIO RECOVERY ASSOCIATES LLC in the amount of $ 1,244.74.
8. Judgment filed by and recorded on September 16, 2014 in (instrument) 14 18154, of the official property records of SUFFOLK County, NEW YORK against WORKERS COMPENSATION BOARD OF THE STATE OF NEW YORK in the amount of $ 82,000.00.
9. Judgment filed by and recorded on February 26, 2015 in (instrument) CV00716610 CE, of the official property records of SUFFOLK County, NEW YORK against LR CREDIT 21 LLC in the amount of $ 7,585.27.
10. Judgment filed by and recorded on June 12, 2015 in (instrument) S14-000369348, of the official property records of SUFFOLK County, NEW YORK against CLERK OF THE SUFFOLK COUNTY TRAFFIC AND PARKING VIOLATIONS AGENCY in the amount of $ 105.00

Does all this mean that the property and buyer would be liable to upwards of $120k due to the liens?

Thanks!

[David Miller]

It means (assuming they were properly filed and perfected) those are liens (a form of security interest granted over an item of property to secure the payment of a debt or performance of some other obligation) against the property - they should be paid by seller prior to or at closing. If they cannot be satisfied and released as a lien against the property by the seller prior or at closing, do not close.