Decoding Property Liens: Analytical Insights for Real Estate Investors
Download MP3Introduction:
- Welcome to the podcast with Dave Panelli, certified title abstractor and examiner.
- Explaining the correct spelling and definition of "lien" on a property.
Types of Liens:
- Mortgage Liens:
- Definition and voluntary nature.
- First mortgage vs. second mortgage determination.
- Priority based on recording date.
- Tax Liens:
- Overview of IRS tax liens.
- Blanket lien across properties in a county.
- Priority status over other liens.
- Judgment Liens:
- Issued by courts against property owners.
- Automatic encumbrance on properties.
- Environmental Liens:
- Specific to commercial properties.
- Concerns over environmental hazards and prior claims.
- Mechanics Liens:
- Filed by contractors or suppliers for unpaid work or materials.
- Steps to protect against mechanics liens.
Managing Liens:
- Lien Releases:
- Importance of obtaining lien satisfaction documents.
- Ensuring clear title through proper documentation.
Conclusion:
- Importance of understanding and managing property liens.
- Invitation to engage in further consultations or discussions.
Outro:
- Reminder of consultation services available.
- Encouragement for audience feedback and comments.
Call to Action:
- Visit the website for more information or to schedule a consultation. Click Here!
