What is the name of your state?Vermont
There is an attachment recorded at the Town Clerk's Office which I have not read yet. I own several pieces of property. I am wondering if an attachment is generally for a specific piece of property or if it is a blanket attachment that would cover all of my real estate. I have a sale pending and may need to pay off the attachment if it is the blanket type.
Question #2
Several months ago I sold a piece of property. A title search was done. The title examiner missed the mortgage deed that was filed with the town. I did not pay off the mortgage with the proceeds. The bank has just realized that the property has changed hands and wants to get paid. While I intend to pay it I don't have any lump sum I can give and would like to keep making monthly payments. Does the lawyer who did the title search have insurance that would clear the title for the buyer?
There is an attachment recorded at the Town Clerk's Office which I have not read yet. I own several pieces of property. I am wondering if an attachment is generally for a specific piece of property or if it is a blanket attachment that would cover all of my real estate. I have a sale pending and may need to pay off the attachment if it is the blanket type.
Question #2
Several months ago I sold a piece of property. A title search was done. The title examiner missed the mortgage deed that was filed with the town. I did not pay off the mortgage with the proceeds. The bank has just realized that the property has changed hands and wants to get paid. While I intend to pay it I don't have any lump sum I can give and would like to keep making monthly payments. Does the lawyer who did the title search have insurance that would clear the title for the buyer?