Escrow & Title
In Hawaii, a judgment lien against the seller would typically be addressed at closing by:
AA. The buyer assuming the judgment obligation
BB. Paying off the judgment from closing proceeds before disbursing funds to the seller✓ Correct
CC. Transferring the lien to the buyer's new property
DD. Filing a waiver with the county court
Explanation
Judgment liens against the seller must be paid off from closing proceeds to clear title before the seller can convey marketable title to the buyer.
Related Hawaii Escrow & Title Questions
- Which of the following is a primary function of an escrow in a real estate transaction?
- What are 'closing costs' for a Hawaii buyer and what are typical components?
- In Hawaii, the Bureau of Conveyances is responsible for:
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- In Hawaii, recording a deed with the Bureau of Conveyances provides:
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