Posted on: 21st Nov, 2007 07:52 am
I buy a home from a man and he quit claims his home over to me, no one can place a lien on the property from that point forward, correct???? Like if a creditor wanted to place a lien against the property of the former owner. He does not own it any more, correct?
yep...but make sure there arent ANY current liens...and no 'lis pendes'
does that mean no one can place a lien on the property?
if there is a lis pendes then YES....make sure to ask your title company/attorney.
every state has different laws
every state has different laws
Does he have a mortgage?