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In most places it's quite annoying to identify what liens are even on a property. Take a trip to the country treasurer's office and spend an afternoon reading
by pstrateman 2y ago
In most places it's quite annoying to identify what liens are even on a property.
Take a trip to the country treasurer's office and spend an afternoon reading through property records from 1850.
- kylehotchkiss 2y agoI didn’t realize the process was so anquidated. I’m in San Diego county which I guess is “new” by American standards as most development happened after the 50s. The property records including liens freely available online. And a very special feature - email reports if the title for a property has a lien added. But… the whole website feels 10 years old so I presumed that would be a more normal thing people have access to across the country
- hughesjj 2y agoTo my understanding this is why title insurance exists (and, indeed, is why it's required in many cases). The lien will still exist but nominally you can make a claim against your title insurer to recoup your loss. That said, insurance isn't always the easiest to get a disbursement from, especially if you don't have the money for a good lawyer, or if ownership of your most valuable assest is the thing in question.
- pstrateman 2y agoTitle insurance is great... if you're buying a property, but not for monitoring the liens registered against it once you own it.