If property owners stop making mortgage payments, banks often want the property back. When the owners' location is unknown, lenders must repossess the property. These properties often get referred to as real estate-owned or REO properties. Banks have no use for empty...
Month: November 2022
Can you sell with a lien?
It is technically possible to sell a home with a lien, but depending on the type of lien and the amount of debt owed, a lien could prevent the sale. Lifting a lien can be time-consuming, so it is advisable to resolve any liens before selling a home. What is a lien? A...
Questions about quiet title actions
Someone who believes they have a right of ownership for a piece of real property can file a quiet title action to determine the rightful owner. A quiet title action is a legal proceeding filed in civil court against all others who claim ownership of the property. The...
