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What about any outstanding HOA fees or other liens on the property? In addition to the taxes, don't they also have to be cleared up before the property can be occupied or sold again?
What about any outstanding HOA fees or other liens on the property? In addition to the taxes, don't they also have to be cleared up before the property can be occupied or sold again?
All liens should be cleared by closing, but there is no legal requirement to do so--at least not in my state and I'm not aware of any where that's different (but they may be out there).
Now, a lender will most likely require it and a title insurance company will almost always require liens to be cleared. Conceivably, a title company could make a lien an exception to a title insurance policy, but i've never known one to do that in Michigan. Liens also must be cleared when the conveyance is by a full-fledged Warranty Deed, which is guaranteeing that the Grantor is conveying free and clear title. (Special or limited warranty deeds may have lesser guarantees.)
An occupancy permit is usually a separate issue, if one is required.
thanks for your reply. I'm thinking I really need an attorney involved at this point to prevent a disaster from happening. The trick is finding one that is affordable.
Hiring an attorney isn't going to make the back taxes disappear is it? That's just going to push it further into the "more expensive than it's worth column".
Hiring an attorney isn't going to make the back taxes disappear is it? That's just going to push it further into the "more expensive than it's worth column".
Yeah, with just the info given, I don’t see why an attorney is needed unless to act as title and closing agent. And in a regular tax deed sale, not sure if either of those are necessary.
Hiring an attorney isn't going to make the back taxes disappear is it? That's just going to push it further into the "more expensive than it's worth column".
it seems so simple, but certainly he can find some attorney through the same avenue that led him to believe this was a worthwhile endeavor; said attorney might well provide 4 hours of work for $1,000 or so.
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