What do I need to know about liens and lien releases?

A lien appears on your home’s title when someone has a financial claim connected to your property.

Before moving forward with your Home Equity Investment, we need to confirm:

• Whether any liens exist on your property

• What type of liens they are

• Whether they impact your available home equity

In some cases, a lien must be cleared before closing. When that happens, either a recorded lien release or a payoff is required.

• A lien release proves that the lien has already been paid or resolved.

• A payoff statement allows the lien to be paid and cleared at closing.

If a required lien release or payoff can’t be provided, we can’t move forward with closing. If this applies to you, your Point team will explain what's needed.