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| The Real Estate Encyclopedia |
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| What if there isn't enough equity to pay the liens? |
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| Category - Home Selling FAQ's - Selling Legal & Closing
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| Liens are paid in order of priority. Tax liens get paid first. If there isn't enough money to pay off your taxes then the homeowner will have to bring the difference to closing. The bottom line is, if the taxes can't be paid by closing then it won't close at all. Since there are all types of liens that can be put against the equity of your home, it's best to contact your attorney for advice. |
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Courtesy of HomeOwners Advantage and link that to their entry in the wiki which is at HomeOwners Advantage |
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