Posted on: 17th Jun, 2010 04:14 pm
I am trying to buy a property, the owner past away 8/1/2008 so a yr & a half ago. The deed was tranferred into his 3 childrens names 10/9/2009, 8 months ago. I am no relation. With the banks research a lien for over $128,000 thru medicaid just filed 6/15/2010, 8 months after deed transfer & over a yr & a half after previous owners death. The house appraised for $26,000. I am buying for $18,000. Its 100 yr old school house. Can this be fixed easily & quickly?
Hi overstake!
Welcome to forums!
If Medicaid has placed a lien on the property, then the lien needs to be paid off first. The 3 children who were the heir to the property need to pay off the lien so that they can get a lien release certificate. Then you can purchase the property from them.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If Medicaid has placed a lien on the property, then the lien needs to be paid off first. The 3 children who were the heir to the property need to pay off the lien so that they can get a lien release certificate. Then you can purchase the property from them.
Feel free to ask if you've further queries.
Sussane