What is a Municipal Lien Search and why does it matter?
Municipal Lien Search is what exactly?
While a title search should disclose any recorder liens or encumbrances on a property, there can be other unrecorded charges on a property that can later result in a lien. These charges may become the responsibility of the current property owner. Unresolved code violations, building permits that have not been closed properly, and under permitted structures are likely to cause future problems. The new owner may become liable for unpaid utility bills as well. Buyers should ask the title agent to perform a municipal lien search (also known as a “lien search” as part of the title search. This step is not commonly done in other parts of the country and is not automatically done by every title company, so make sure to ask for it.
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