If there is a tax lien on the property, the taxing authority makes the seller pay off the tax lien before he/she can complete the sale. If it is a nontax lien on the property, then the lien can transfer over to the buyer, because the lien is a debt that is part of the property.
It is common for property buyers to pay a title insurance company to perform a title search to make sure that the property has a "clear" title (no liens). If, for some strange reason, a lien is identified after the completed sale, then the title insurance company will pay off the lien.
If you are concerned about liens, then I would recommend that you explore your options with a title insurance company before buying the property.
If the property is auctioned off by a taxing authority because of unpaid taxes by the property owner, then the situation is entirely different, and you would have to consult the taxing jurisdiction for proper guidance (regulations will vary for each taxing authority).
2007-07-30 13:40:03
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answer #1
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answered by TopDog 2
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you haven't told us enough about what you're thinking of doing and where this is. where is critical to understanding the property laws.
:(
2007-07-30 20:33:08
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answer #2
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answered by Spock (rhp) 7
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certainly, otherwise you can't get clear title.
2007-08-01 13:38:52
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answer #3
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answered by Anonymous
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