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Lien search with judgments

Started by Anonymous2013
over 12 years ago
Posts: 120
Member since: Jan 2013
Discussion about
The lien search for the apartment I am supposed to close on came back with judgments. My attorney says she has written to the building to indemnify me. Somehow I feel like I'm part of a machine that is chugging along and I don't have enough information. My contract says that the building has 30 days to resolve lien issues. Is this indemnification the resolution? Is it enough? Do I need to find out what those judgments are? What is the standard? Apologies in advance for my ignorance.
Response by Flutistic
over 12 years ago
Posts: 516
Member since: Apr 2007

Pick up the phone and call your attorney and have her explain this situation to you.

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Response by Anonymous2013
over 12 years ago
Posts: 120
Member since: Jan 2013

It's not so easy. I'm in Europe. I left her multiple emails 2 days ago. She usually gets right back to me. That is why I am asking around.

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Response by FreebirdNYC
over 12 years ago
Posts: 337
Member since: Jun 2007

Are you getting a mortgage? This is really the title insurance company's issue and my understanding is that they will resolve it (at the seller's cost) before a closing...

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Response by Anonymous2013
over 12 years ago
Posts: 120
Member since: Jan 2013

No I'm not getting one. But maybe that still clarifies something. Maybe by getting the building to indemnify me my attorney means that they will buy title insurance?

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Response by streetsmart
over 12 years ago
Posts: 883
Member since: Apr 2009

Even if you're not getting a mortgage, there's owner's title insurance.

That said find out what those liens are. Maybe this is not a good deal.

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Response by lovetocook
over 12 years ago
Posts: 171
Member since: Sep 2010

You can always buy title insurance but I believe it protects you against anything that comes up that the title company did not find. So, since you know about the judgments, I don't think title insurance will help you. It might be better for you to walk. Why buy yourself a potential headache.

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