Monday, August 13 , 2018, 11:58 pm | Partly Cloudy 66º


Paul Suding: Homebuyers Should Watch for Possible Property Liens

A Realtor and title officer can help ensure the transaction is protected

You already know that the most typical encumbrance against a property is a mortgage, a sum of borrowed money secured by the property. However, a lien is also an encumbrance — a claim or a judgment against a property.

A couple of examples of liens are: 1) a lien that has a rightful claim to ownership of a portion of a property, or 2) if a court action has resulted in a judgment that includes or is secured by an interest in a property.

Why is this important to know? There is an astonishing array of possible liens that can be placed against real estate. As a prospective homebuyer, you’ll want to make certain that you don’t end up with an unintended lien on your property.

First and foremost, you take out a buyer’s policy of title insurance to be as certain as possible 1) that there are no hidden liens against the property you’re buying, and 2) that you will have insurance coverage should a hidden lien arise after you take possession of the property.

But even before that, you avail yourself of the services of a real estate professional, and if necessary, the title officer who prepared your title report. Understandably, since you probably don’t buy and sell houses every week of the year, you aren’t aware of all the questions you should ask, all the potential problems you should anticipate and all the ways of protecting your investment.

Real estate transactions have never been so complex. Title reports and liens are only a small part of the many assessments and evaluations that you will make when you purchase a home.

Buy smart by having the best support team you can when you buy or sell real estate.

Paul Suding, a real estate agent with Cool Santa Barbara Homes and Village Properties, is president of the Santa Barbara Association of Realtors. He can be contacted at .(JavaScript must be enabled to view this email address) or 805.455.8055.

Support Noozhawk Today

You are an important ally in our mission to deliver clear, objective, high-quality professional news reporting for Santa Barbara, Goleta and the rest of Santa Barbara County. Join the Hawks Club today to help keep Noozhawk soaring.

We offer four membership levels: $5 a month, $10 a month, $25 a month or $1 a week. Payments can be made through Stripe below, or click here for information on recurring credit-card payments and a mailing address for checks.

Thank you for your vital support.

Become a Noozhawk Supporter

First name
Last name
Enter your email
Select your membership level

Payment Information

You are purchasing:

Payment Method

Pay by Credit Card:

Mastercard, Visa, American Express, Discover
One click only, please!

Pay with Apple Pay or Google Pay:

Noozhawk partners with Stripe to provide secure invoicing and payments processing.

  • Ask
  • Vote
  • Investigate
  • Answer

Noozhawk Asks: What’s Your Question?

Welcome to Noozhawk Asks, a new feature in which you ask the questions, you help decide what Noozhawk investigates, and you work with us to find the answers.

Here’s how it works: You share your questions with us in the nearby box. In some cases, we may work with you to find the answers. In others, we may ask you to vote on your top choices to help us narrow the scope. And we’ll be regularly asking you for your feedback on a specific issue or topic.

We also expect to work together with the reader who asked the winning questions to find the answer together. Noozhawk’s objective is to come at questions from a place of curiosity and openness, and we believe a transparent collaboration is the key to achieve it.

The results of our investigation will be published here in this Noozhawk Asks section. Once or twice a month, we plan to do a review of what was asked and answered.

Thanks for asking!

Click Here to Get Started >

Reader Comments

Noozhawk is no longer accepting reader comments on our articles. Click here for the announcement. Readers are instead invited to submit letters to the editor by emailing them to [email protected]. Please provide your full name and community, as well as contact information for verification purposes only.

Daily Noozhawk

Subscribe to Noozhawk's A.M. Report, our free e-Bulletin sent out every day at 4:15 a.m. with Noozhawk's top stories, hand-picked by the editors.

Sign Up Now >