Posted on: 30th Nov, 2009 01:34 pm
A family member is going to sign over a piece of land to me before
she loses it to back taxes. I am not sure if she has any liens against the land. What way is the best way to go with the deed?
she loses it to back taxes. I am not sure if she has any liens against the land. What way is the best way to go with the deed?
Get a Title Insurance Policy on it and you won't have any worries. It's cheap insurance.
i think there's more to it than merely getting a title policy. any reputable title insurance company isn't going to be able to insure against outstanding liens, such as taxes on the property.
i think you'd better investigate further to determine what and how much is owed before you end up paying bills you have no desire to undertake.
i think you'd better investigate further to determine what and how much is owed before you end up paying bills you have no desire to undertake.
Precisely. Getting the Title Insurance Policy enables us to determine if a lien exists.