When a house is condemned by the city, is a lien placed on it? If so, will that lien prevent the seller from passing good title?
Question: When a house is condemned by the city, is a lien placed on it? Answer: Normally yes. Question: If so, will that lien prevent the seller from passing good title? Answer: Yes it will prevent passing a good title unless the lien is paid off. [addsig]
From what I have read, you can payoff the liens from the proceeds that the seller is to receive as long as it is in the contract. I am in a similar situation myself. [addsig]
Question: When a house is condemned by the city, is a lien placed on it?
Answer: Normally yes.
Question: If so, will that lien prevent the seller from passing good title?
Answer: Yes it will prevent passing a good title unless the lien is paid off.
[addsig]
From what I have read, you can payoff the liens from the proceeds that the seller is to receive as long as it is in the contract. I am in a similar situation myself.
[addsig]