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Kansas City Real Estate - Overland Park Homes


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Liens on Kansas City homes

Liens on Kansas City homes are just financial claims that are intended to secure a debot or obligation.

Liens on Kansas City homes are just financial claims that are intended to secure a debt or obligation. 

The normal liens are the mortgages on a home. There are many others.  However if the property is foreclosed and the proceeds do not cover the total obligation then a general lien can be put on all of the debtor's property, unless a short sale & terms are agreed upon.  But a mechanic's lien can be placed against a property for work that is completed on the property but not paid.  During a purchase of an Kansas City or Overland Park home, a preliminary title commitment is normally given.  Make sure you read over the commitment and understand what is recorded & what needs to be cleared so that you can get clear title to the home!

 



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Posted on December 11, 2007 12:33:13 by Cindy.DiCianni

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