Sunday, March 25, 2007

query: unsatisfied construction lien found by a title examiner

Is this a mechanics lien? Mechanics liens are tricky and title insurance may or may not cover the lien. A good title examiner will report the lien and the title underwriter will analyze the situation and decide if the lien is valid. If so, the owner of the property must clear title.About two years ago we processed a refinance transaction and found a mechanics lien. The borrowers had failed to pay

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