Tacoma WA
We are a prospective buyer for a real estate property and seller had an contract with us as well as with a contractor that he would spend $6660 for various repairs.
Now seller is not happy with contractor's work and he is not ready to pay in full to the contractor he wants to pay only $4000 at closing.
And we found that contractor can put a lien against property and we want to know in case seller does not pay in full to the contractor and we become new legal owner.(after property is transferred to us)Contractor can still put a lien against property?
or he can only put lien against property till the seller is the legal owner?
Please explain.
What should we do to protect us from possible lien by contractor in future in WA state he can put a lien up to 90 days of completion of work.
We are a prospective buyer for a real estate property and seller had an contract with us as well as with a contractor that he would spend $6660 for various repairs.
Now seller is not happy with contractor's work and he is not ready to pay in full to the contractor he wants to pay only $4000 at closing.
And we found that contractor can put a lien against property and we want to know in case seller does not pay in full to the contractor and we become new legal owner.(after property is transferred to us)Contractor can still put a lien against property?
or he can only put lien against property till the seller is the legal owner?
Please explain.
What should we do to protect us from possible lien by contractor in future in WA state he can put a lien up to 90 days of completion of work.