samedi 6 décembre 2014

0

How To Do New York Lien Search

  • samedi 6 décembre 2014
  • 00fees
  • Share
  • By Claudine Hodges


    Property liens can be inconvenient when not settled properly. They often show up at the wrong time when you are trying to sell a property or refinance a mortgage. Of course, you have to clear the tax warrants before you can sell the property or the lender can underwrite a new loan.

    Luckily, there are a few easy ways to help you do a New York lien search. Finding the records you need is very fast and simple. However, you must bear in mind that the correctness and completeness of the report depends on its source. Some options are better than the others.

    Before attempting to do a lookup, you must first understand what a property lien is. In a nutshell, the state has the right to secure a tax warrant against you if you fail to pay your taxes. This warrant could lead to the seizure and sale of your property, income execution or a levy unless you settle the debt. The warrant is filed to the local clerk's office and the Department of State. This record is public, so anyone may have access to it, including credit reporting agencies. Hence, it could very well affect your credit score.

    If a warrant was filed, you have to pay the full amount of your debt to clear it out. Once that condition is satisfied, a notice is forwarded to both Department of State and local clerk so they can update their records. Should an owner decide to sell a property in question, he could pay the debt with guaranteed funds. A Notice of Pending Warrant Satisfaction is then issued. This notice could be sufficient enough for most title companies so the liens are eventually lifted.

    All concerned parties should be informed in the event a tax warrant was filed. The details like the amount to be paid, the concerned departments, the points of contact and the property in question are all specified in the notice being sent. Unfortunately, there are possibilities of notices not reaching its intended recipient for one reason or another.

    As such, it is advisable to do a quick lien search before you do anything related to your properties. This includes loan applications involving your property as a collateral or mortgage refinancing. This way, you would know for certain whether it is clear to proceed or not.

    The easiest and quickest way to do look for the record is by visiting the state's official website. For searches in Albany NY, you can find the information on liens and tax warrants under Uniform Commercial Code. Selecting State Tax Warrant Notice Search will give you the available search criteria.

    You will be asked for certain search criteria like the city in the warrant address record, the warrant status, the taxpayer's name, the search type and the county it was filed in. You have to fill out each one for faster and more accurate result. After you viewed the report, you will have the option to either store it in your machine or print it for future use.

    Finally, you can find the most accurate information by personally visiting the local clerk's office. Although the states make efforts to regularly update the data and ensure its accuracy, delays cannot be overruled. The records you secured online may not be entirely complete or correct. Best of all, the staff can answer any questions or concerns you might have related to liens.




    About the Author:



    0 Responses to “How To Do New York Lien Search”

    Enregistrer un commentaire

    Trending

    Subscribe