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Can a lien be placed on my home for a judgement against my. – Answer: Liens can be discharged after a certain length of time. Therefore, if a property owner is in no hurry to sell the property, and the lien holder is not seeking to foreclose, it may make sense to do nothing and wait until the lien expires. If the lien is not renewed, the cloud on the title will no longer exist.
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What Debt Needs to Be Paid Off at Closing When Selling Your House. – When you sell your home, you don't necessarily get to walk away. Any tax liens or student loan liens are paid when your home finally sells.. obtains a judgment against you, a lien on your property's title could. however, if they are not satisfied at the time of closing, funds are set aside for the municipality.
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What Debt Needs to Be Paid Off at Closing When Selling Your. – You don’t just get the selling price. You can make a lot of money when you sell your home. But you’ll have to satisfy any secured debt such as a mortgage. You’ll also have to pay your real estate agent if you used one. Plus, when you sell your home, you’ll be paying off any other debt on it, including unsecured creditor liens or money judgments.