Posted on: 05th Sep, 2008 12:27 am
My in-laws want to transfer title of their property to us, but there is a lien on the property. Will the lien follow the title, and if so, can it affect the other 2 properties we currently own? thanks
Welcome Triple.
Yes, the lien will remain on the title. Moreover, if the lien holder comes to know about the transfer of title, he'd prefer that the lien is paid off. It won't affect other properties you own.
Thanks
Yes, the lien will remain on the title. Moreover, if the lien holder comes to know about the transfer of title, he'd prefer that the lien is paid off. It won't affect other properties you own.
Thanks