Q: I live in Arkansas. I obtained a quitclaim deed on a 2 acres lot with a lein. Will this affect me to build on?
A:
The lien will affect your ability to obtain financing to build. The lender will require that the lien be released.
Also, if you don't pay off the lien, the lienholder can foreclose its lien, thus eliminating your ownership of the property.
Finally, if you need to grant any easements in order to get utilities to your property, the lienholder's written consent will be required.
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