Firstkey Title

Municipal Lien Searches

Municipal Lien Search will thoroughly investigate any violations, permits, unrecorded liens, taxes and utilities that are associated with the property. Even with
the increasing sales of foreclosures in this current market, the bank’s title insurance
agents are not conducting Municipal Lien Searches on properties. There is no one
party that bears the responsibility of ordering such a report so it often gets overlooked. The assumption would be that the closing agent is informed enough to
advise on such matters but this is not always the case. Nevertheless, it is ultimately
the buyer’s responsibility to obtain this information.

When purchasing a foreclosed home, a prudent buyer will ask to see if a Municipal
Lien Search has been ordered. It is well worth the cost to research this vital information that can possibly save thousands of dollars and many headaches in the
future.