HOA Liens and Ohio Real Estate Closings
What Is an HOA Lien? If you're purchasing a home in a community governed by a homeowners association, unpaid dues, fines, or special assessments can result in a lien being placed against the property. Because an HOA lien attaches to the property itself rather than just the individual owner, it can follow the home into …
Wire Fraud in Real Estate Closings
How Wire Fraud Scams Work In a typical real estate wire fraud scheme, criminals hack or spoof the email account of a real estate agent, lender, or title company and monitor the conversation until closing is near. Just before funds are due, the buyer receives what looks like a legitimate email with updated wiring instructions, …
Understanding Property Liens and How They Affect an Ohio Home Sale
What Is a Property Lien? A lien is a legal claim against a property that secures payment of a debt. Until that debt is satisfied or otherwise resolved, the lien typically must be cleared before the property can transfer with clear title to a new owner. Liens can attach to a property even without the …