Escrow & Title
A South Carolina property has a $5,000 assessment for a new sewer line. This assessment is:
APaid by the buyer after closing
BA specific lien on the property that must be resolved before or at closing✓ Correct
CVoluntary and waivable by the seller
DNot transferable with the property
Explanation
Special assessments (for improvements like sewers, sidewalks, street lights) are liens on the property. They must be addressed at closing and are typically prorated or paid in full by the seller.
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