After a lien has been placed on a property, anyone interested in buying the land or real estate will be informed that there is an unsettled debt attached to the title that could affect their ability to purchase, therefore making it difficult for the sale to go through. Because of this obstacle, sellers often need to pay off the lien before transferring ownership of their property.
Laws & Requirements
- Laws: Title 49, Ch. 847
- Signing Requirements (§ 49-34(1)(C)): Claimant and Notary Public
- Time Limit for Recording Lien (§ 49-34(1)): Ninety (90) days
- Deadline for Enforcing Lien (§ 49-39): One (1) year