vendredi 5 décembre 2014

How To Do New York Lien Search

By Claudine Hodges


A property lien can be pretty inconvenient if not settled in good order. They could appear at the worst time like when refinancing a mortgage or selling your property. Apparently, you have to clear out the tax warrant so you could sell the property or get a new loan.

In order to find the most updated information regarding applicable tax warrants, there are a few easy methods to do New York lien search. These methods are not too time-consuming. You can get the results that you need in a breeze. As a word of caution, though, some results are more accurate and complete than the others, depending on its source.

Before you start searching, you have to understand property liens first. Basically, the state can secure tax warrants against any individual who fail to pay taxes. This leads to income execution, levy or seizure and sale of property in order to settle the debts. Both the local clerk's office and Department of State are notified of this. Since the record is public in nature, anybody can freely access it. This includes credit reporting agencies, thus, affecting your credit score negatively.

After a warrant was filed, the debtor must settle his liabilities in full. Once cleared, a notice of tax warrant satisfaction is forwarded to concerned offices for proper updating of records. If the owner decides to sell the property in question, he may use the guaranteed funds as payment. In which case, the state will issue a notice that warrant satisfaction is pending. Most title companies accept this as proof then remove the lien.

Ideally, the concerned parties will be informed that their properties has been filed a tax warrant. The details, such as the property in question, the amount to be settled, the concerned departments and the points of contact are all stipulated in the notice they send. Unfortunately, the notice may not reach its intended recipient due to many reasons.

Therefore, it is wise to perform a lien search every time you have plans concerning your properties. Examples include mortgage refinancing and loan applications with the property as collateral among others. This is the surest way to determine if you should proceed with your plans.

The simplest and quickest option by far is through online lookup. Visit the state record's in its official website. Of you are searching in Albany NY, the information you are looking for can be found under Uniform Commercial Code tab. The page can be accessed by choosing State Tax Warrant Notice Search option.

In this page, you have to enter key information including the search type, warrant status, county where the notice was filed, city referenced in the report and the taxpayer's name. The search criteria must be completely filled out because each one is essential for a more accurate and faster result. Aside from the ability to view the notice, you can also print or store it for possible use in the future.

Finally, you can find the most accurate information by personally visiting the local clerk's office. Although the states make efforts to regularly update the data and ensure its accuracy, delays cannot be overruled. The records you secured online may not be entirely complete or correct. Best of all, the staff can answer any questions or concerns you might have related to liens.




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