Municipal Lien Searches are necessary for New York.
A Municipal Lien Search will show property taxes, special assessments, utility balances and liens, code violations, and open and expired permits. This search is an invaluable tool for title agents and real estate attorneys to assess the property for any potential issues affecting the new owner that won’t be found in the public record search. While some states’ standard contracts don’t call for a Municipal Lien Search, in New York, confirmation of special assessments and utilities and other liens or potential liens imposed by the municipality are listed as requirements.
Agents and attorneys may do these searches or work with private third-party companies like Federal Standard Abstract to remove or limit exceptions on the title policy. Working with a third party allows agents and attorneys the time to focus on scaling their operations effectively without compromising their dedication to due diligence and customer service.
Call Federal Standard Abstract today at 718.888.7778 to open an order. We guarantee smooth sailing and a confident closing every time.