The Real Estate Encyclopedia
What if there isn't enough equity to pay the liens?
Category - Home Selling Questions - General Home Selling FAQ's
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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Home Selling Questions - Selling Legal & Closing FAQ's
Home Selling Questions - General Home Selling FAQ's
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