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Real Estate Tips
Titles >Liens Against the Title

Occasionally homeowners who are trying to sell their home are surprised to learn that their title is encumbered by a lien. There are several types of liens; the most common are mechanic's or contractor's liens.

The lien (or debt) must be paid off in order to be cleared. If the owner prefers to challenge the lien, he can release it by posting a bond, pending adjudication. In some types of liens, a title search may disclose claims against the property by an ex-spouse or long-ago heir of a former owner. A simple "quitclaim" deed may be used in these cases. By signing the deed, the person involved signs over whatever rights he or she might have, without laying any claim to the property.

Most real estate transactions involve at least some minor unresolved issues on the part of either the buyer or the seller. This is where an experienced real estate agent can provide solutions to resolve the issues and conclude the sale.

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Real Estate Trivia
Q 
What does "contingency" mean in real estate?

A 
A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence."
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Martha Hilton, REALTOR®, real estate agent and broker for Lewisburg, Union and White Sulphur Springs, West Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Martha Hilton
RE/MAX Vision Quest

111 E. Washington Street
Lewisburg, WV. 24901
Phone: 304-645-7700
Fax: 304-645-4985
Email: marthahilton@NUMBER1EXPERT.com

Martha Hilton is the NumberOne Expert in the Greenbrier Valley area. Her clients & customers receive personal attention in order to achieve maximum results! Martha uses the newest in technology to give her clients the edge in the home buying or selling process. She makes it a point to make sure all are treated as she would want to be treated in a real estate transaction. Martha's credentials include being Owner of RE/MAX Vision Quest, ABR, CRS, GRI, e-Pro 500 - Newest technology designation for Realtors and she is a licensed Auctioneer in the state of West Virginia. Martha Hilton - Broker

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