Clouds on the Horizon: Property Title Issues Which Affect Sale

Written by Elaine VonCannon


Continued from page 1

Chris Swynford described various liens not commonly known:

Voluntary Liens Most people are aware of voluntary liens placed on their property. These include mortgages or deeds of trust executed byrepparttar owner/borrower.

Involuntary Liens Asrepparttar 145845 term suggests, involuntary liens are placed on property by other thanrepparttar 145846 legal owner ofrepparttar 145847 property. Common involuntary liens are placed on property to cover real estate taxes; judgments; homeowner’s association/condominium liens for unpaid dues/assessments; and mechanics liens for labor and materials provided to build/improve property.

Municipal Liens Asrepparttar 145848 term implies,repparttar 145849 local municipality may place a lien on property. Perhapsrepparttar 145850 owner did not pay trash removal or grass cutting fees. Or,repparttar 145851 municipality had to remove inoperable motor vehicles fromrepparttar 145852 property, or remove a structure endangering public health; or, for community improvement, e. g. to pay for a park adjacent to a property, new sidewalks, gutters, alleys, water and sewer lines.

Lis Pendens This provides notice that a suit againstrepparttar 145853 title is pending. A Lis Pendens may indicate a breach of contract, or an heir who claims ownership ofrepparttar 145854 property; or, a person who claims ownership of property through adverse possession. It has to be cleared for property sale or purchase to proceed

Estate Tax Liens Some states may have an estate tax, though many do not. Estate taxes liens do not have to be recorded in order to be valid. Ifrepparttar 145855 estate of a deceased individual is subject to federal or state estate taxes,repparttar 145856 proceeds of sale are held for one year fromrepparttar 145857 date ofrepparttar 145858 property owner’s death. Ifrepparttar 145859 proceeds are not held for one year, a bond may be posted to cover any tax due.

It is always advisable to seek legal advice in closing a real estate transaction, often involving legal and significant economic considerations.



Elaine VonCannon is a REALTOR with RE/Max Capital in Williamsburg, Virginia, and she manages investment property. Elaine is also an Accredited Buyer's Representative as well as a Senior Real Estate Specialist. She has helped numerous clients invest in and make money on property in Southeastern Virginia.


If I had Hammer, I Would Build in New Kent County Virginia

Written by Elaine VonCannon


Continued from page 1

Farms of New Kent A massive building project was recently approved byrepparttar New Kent County Board of Supervisors in late May of 2005. Farms of New Kent will build out 2,520 acres surroundingrepparttar 145844 Route 249/106/609 intersection at Talleysville as a planned unit development. The New Kent Charles City Chronicle called this “the largest single development approved inrepparttar 145845 county. The plans approved byrepparttar 145846 Board of Supervisors include 1,450 age restricted (at least one occupant over 55 and none under 18 allowed) houses, 650 general market homes, 300 estate lots, 100 resort cottages, and a village center with 150,000 square feet of space surrounding a farmer’s market atrepparttar 145847 center.” Another 18-hole championship golf course is also inrepparttar 145848 works, a winery and vineyard, country inn and spa, three clubhouses, an equestrian center, bed and breakfast, and a polo field. It may take 15-20 years to build outrepparttar 145849 residential and commercial real estate space.

Kentland: Commercial Property This parcel of land is approximately 6 minutes drive fromrepparttar 145850 town of Providence Forge. It is directly opposite Brickshire and Royal New Kent’s Entrance and is zoned commercial. A small one-stop gas plaza, a Dairy Queen, and a car wash arerepparttar 145851 only retail stores located there presently.

Retire, Relocate or Purchase a Second Home in New Kent County NOW If I had a hammer, I would build in New Kent County Virginia. Ray Davis, a Board Supervisor said, “a recent survey listed New Kent County asrepparttar 145852 72nd fastest-growing county inrepparttar 145853 nation and third fastest inrepparttar 145854 state.” The time to buy in New Kent County is right now. If you are interested in learning more about buying in golf communities in Virginia, read my article “Live and Play in Your Own Backyard: Golf Communities in Williamsburg” overview at http://www.voncannonrealestate.com/Live_and_Play_in_Your_Own_Backyard_Golf_Communities_in_Williamsburg.php. Grab your hammer, and I’ll see you in New Kent County, Virginia.

Elaine VonCannon is a REALTOR with RE/Max Capital in Williamsburg, Virginia, and she manages investment property. Elaine is also an Accredited Buyer's Representative as well as a Senior Real Estate Specialist. She has helped numerous clients invest in and make money on property in Southeastern Virginia.


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