Liens are legal claims or encumbrances against a piece of property in an attempt to settle an outstanding debt by taking possession of the property or by taking the proceeds should the property sell. One of the most critical legal steps in real estate transactions is performing a title check, thereby ensuring that the title is clear of any liens. Voluntary liens, such as a mortgage, allow the lender to foreclose on the property for nonpayment. And then there are the involuntary liens, typically placed on the home by a third party such as a creditor, business, or government, without the property owner’s consent. These are the liens that pose issues for direct cash home buyers in Omaha and Council Bluffs if they remain undiscovered.
Before beginning your search, you should know that different types of liens may exist on a property. While most are a matter of public record, a title search only locates any problems with publicly recorded liens, likely to be an issue in selling the house fast in Omaha and Council Bluffs. However, unrecorded liens that are not satisfied will still transfer to the direct cash home buyer in Council Bluffs and Omaha. Unrecorded liens are municipal debts that Omaha and Council Bluffs investment home buyers can locate through a municipal lien search, including unpaid local and federal tax debts.
When you purchase property, you are also buying the responsibility for the debt owed if there should be an existing lien, meaning the title is unclear or clouded. A clear title is required to complete a transaction to sell a house fast in Council Bluffs and Omaha or obtain a loan on the property. Rectifying clouds on a title often involves filing a civil action to quiet the title, such as quit-claim deeds.
We will explore how to do a lien search for Omaha and Council Bluffs investment home buyers in Omaha and Council Bluffs.
The county property appraiser will provide the governing municipality with the records for the property. You should also check previous property annexations from one governing municipality to another for any liens before the annexation. You will also want to research which utility companies, such as water or sewer providers, service the address. Omaha and Council Bluffs investment home buyers in Council Bluffs and Omaha must also review governing authorities with the power to levy special assessments on the property. Now that you have the resources for the information you need, you can complete the following searches:
- Property Taxes
- Special Assessments
- Tangible Personal Property Taxes
- Utility Lien
- Code Violations
- Permit History
- Online Lien Search
Direct cash home buyers in Omaha and Council Bluffs may have access to records online to conduct a lien search for Omaha and Council Bluffs property through the county clerk, recorder, or assessor’s office online. With the property address and name of the owner, you should have everything you need to execute your search. These portals are very user-friendly and are the best source to access this data. Before performing the search, phoning the county assessor’s office can help you understand how they perform checks for liens on property in Omaha.
In-Person Lien Search
Suppose your preference is to perform an in-person lien search, Omaha and Council Bluffs. In that case, investment home buyers in Omaha and Council Bluffs may go to the assessor’s office to retrieve the parcel number and the tax information for the property, and the personnel is familiar with the process. Feel free to ask for assistance if you need guidance in performing your search, and they should be happy to assist you. A visit to the county clerk’s office will then provide you with the history of ownership, where you can check the chain of the title or history of ownership, thus avoiding issues with a broken chain of title down the road. You can also improve your odds of a smooth title transfer by running a public record search on each prior owner so that the records have no missing data and exactly matching names.
Third-Party Lien Search
Several third-party businesses exist online and in Omaha and Council Bluffs, which offer title, property record, and lien search services for Omaha and Council Bluffs investment direct cash home buyers in Omaha and Council Bluffs. While there is a cost to working with a professional title company or a title abstractor, the fee includes providing the title report, which protects against unforeseen issues. This report contains all information uncovered during the title search, including any clouds on the title.
Title insurance would be a preventative measure if a lien search failed to discover a cloud on the title. This policy protects home buyers from financial losses or legal expenses, given the defect is covered in the policy. Considering that these issues can run into tens of thousands of dollars, lenders title insurance or a loan policy is paid for by Omaha and Council Bluffs investment home buyers and covers the lender from financial loss.
Let our experienced professionals at Harter Investments make it easy! Aside from we buy houses in Omaha and Council Bluffs, we can also guide you through a lien search when buying Omaha and Council Bluffs investment property. And Harter Investments always has a steady inventory of Omaha and Council Bluffs investment property available! Our in-house team of experts at Harter Investments is ready to help you get started right now. Call Harter Investments at 402-939-6556 or send us a message today or visit us at www.harterinvestments.com!