Lien Releases on real estate in wyoming.
Check on the recording of lien and mortgage releases if you are thinking about selling your real estate in wyoming.
You purchase a home and live in it for years. Now, you’re ready to sell star valley real estate and you are told that the mortgage held by the previous owners was never released. What do you do?
First, it’s very important to always confirm that releases for liens and mortgages are recorded promptly following your closing. In star valley Wyoming lenders are required to record a release within 30 days of the loan payoff or face some pretty stiff penalties. For your own piece of mind, you can check the county clerk’s web site to confirm that releases have been processed in a timely fashion. Remember, you will probably not be able to sell or refinance a property if you have outstanding liens.
With all the recent mergers and closures of banks and lenders, resolving an unreleased lien can be both time consuming and frustrating. This is something that your title company can help you with. Star valley Title and Escrow people know the lingo and the players. They can often find just the right button to push to get the problem resolved.
This information should help with real estate in wyoming for transactions to go smoothly and timely.
“Val D. Pendleton is the premier real estate broker in Star Valley Wyoming. Val’s family has a deep and respected heritage going back several generations in the Star Valley area. Specializing in Thayne, Afton, Bedford, Alpine and surrounding communities please visit the Coldwell Banker Country Estates website at http://www.cbcountry.com for a complete list of inventory offered by Coldwell Banker Country Estates or email us at val@cbcountry.com If we can assist you in any way, feel free to contact us directly 307-883-7000″