Property Lien

[Phyllisc]

What is the name of your state (only U.S. law)? South Carolina

If a lien is put on a condo that is owned outright (no mortagage) and someone wants to buy it, does the lien have to be paid by the owner before the sale can go through?

And if the lien is paid off before the sale, is there a record anywhere of a lien previously being on the property?

Thank you in advance for any information.

[HomeGuru]

Originally Posted by Phyllisc

What is the name of your state (only U.S. law)? South Carolina

If a lien is put on a condo that is owned outright (no mortagage) and someone wants to buy it, does the lien have to be paid by the owner before the sale can go through?

**A: no, it could be paid off by a non-owner such as a rich uncle.
Yes in most cases. In rare cases the title company and mortgage lender would allow closing if the lien was bonded over or $$$ held in escrow to pay off the lien. Or a payment plan approved by the lienholder in which a release of lien is filed but the debt remains.
I highly doubt that the various scenarios are the situation in your case.

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And if the lien is paid off before the sale, is there a record anywhere of a lien previously being on the property?

Thank you in advance for any information.

**A: yes, it would show up on the title report as a lien, then as a release of lien.