How can I obtain a satisfaction of lien to sell my property?

Full question:

If the attorney that handled the property transaction 20 years ago is no longer around and I cannot locate the previous owner, how do I get a satifaction of Lein on my property so I can sell it?

  • Category: Real Property
  • Subcategory: Mortgage Satisfaction
  • Date:
  • State: Florida

Answer:

The lien holder must cancel the lien. If it's a mortgage company, they can usually be located. If the lien is held by an individual, you may need to try to find them. If they are untraceable, the Trustee named in the mortgage can release the debt. If the debt has expired, the title company might be able to write over the mortgage. For liens that are not mortgages, the person who filed the lien must release it. If you exhaust all options, you may need to file a Suit to Remove the lien. Hope this helps.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

In Rhode Island, a lien generally lasts for 10 years from the date it is recorded. However, it can be renewed for another 10 years if the lienholder files a renewal notice before the original lien expires. It's important to check the specific type of lien, as different rules may apply. Always consult with a legal professional for advice tailored to your situation. *Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.*