Do encumbrances need to be cleared before closing?
That’s a good question. And the answer is yes. It can happen before or at closing. Basically, the property cannot be transferred to a new owner until the encumbrance is removed or satisfied.
To find out more about this, you can visit our website at: https://www.effortlesshomebuyers.com/
Fernando O. Angelucci is Founder and President of Titan Wealth Group. He also leads the firm’s finance and acquisitions departments. Fernando Angelucci and Steven Wear founded Titan Wealth Group in 2015, and under his leadership, the firm’s revenue has grown over 100% year over year. Today,
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Do Encumbrances need to be cleared before closing? And the answer is yes. It doesn't necessarily need to happen before closing, but it can happen at closing. The only thing is that the property will be unable to be transferred to a new buyer until those Encumbrances are removed or satisfied.
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