Occasionally a seller will be surprised to learn that a contractor's or
mechanic's lien must be paid on their house. To challenge such a lien, the buyer
can release it by posting a bond pending adjudication. In other cases, a title
search may disclose other claims against the property by an ex-spouse, past
heir, or a former owner. A simple quitclaim deed may be used in such a case. A
quitclaim deed allows the person involved to sign over whatever rights he or she
may have had in the property without laying any claim to it.
If the seller will not be receiving the proceeds from the sale of their present
home in time to close on a new home, it may be possible to arrange a swing loan.
Most real estate transactions involve some hesitation and questions on the part
of the seller and the buyer. The real estate agent can provide answers or
alternatives so that matters can be resolved and the sale concluded.
