Curry County Abstract & Title Co. has published a new article entitled ‘Liens and Encumbrances’, which sheds light on the most important aspects of the difference between liens and encumbrances. People who want to know more about property and title laws and other interested individuals can view the full article at https://currycountyabstract.wordpress.com/2020/09/07/liens-and-encumbrances/
The article includes several interesting pieces of information, one, in particular, is that some liens are purposefully granted by the owner of a property, while other liens are forcefully placed by law, or by the courts. This should be of particular interest because it makes people aware that some liens are enforced while others are not.
One of the most important information the article tries to convey and communicate is that liens and encumbrances are often used interchangeably but the two terms have differences. The best example of this is perhaps found in the following extract:
‘A lien always represents a financial interest. It is a monetary claim against a property intended to ensure payment, and gives a creditor the right to seize or take your property if you are unable to keep up with payments or pay off debts. Now, the term encumbrance refers to any claim against a property, not just one that ensures payment.’
In discussing the article, J.W. Baldock, Sr. Vice President at Curry County Abstract & Title Co. said:
“Because liens and encumbrances cloud the title, they could prevent the sale of your property, and need to be paid off or satisfied prior to closing.”
Regular readers of Curry County Abstract & Title Co. will notice the article takes a familiar tone, which has been described as ‘informational’.
Curry County Abstract & Title Co. now welcomes comments and questions from readers, in relation to the article, as they are intent on educating people about property and title law. The reason is that this will help readers and customers become knowledgeable about basic title laws.
Anyone who has a specific question about a past, present, or future article can contact Curry County Abstract & Title Co. via their website at https://currycountyabstract.com/
The complete article is available to view in full at https://currycountyabstract.wordpress.com/2020/09/07/liens-and-encumbrances/
Release ID: 88976232