Escrow & Title
A Washington buyer wants to purchase a property that has a mechanic's lien for $12,000. The seller refuses to pay it. The buyer can:
AProceed to closing and deal with the lien after purchase
BRequire the seller to remove the lien as a condition of closing or negotiate a price reduction✓ Correct
CAsk the title company to insure around the lien
DRequest the county to remove the lien
Explanation
A mechanic's lien is an encumbrance that will pass with the property. The buyer should require the seller to satisfy and release the lien before closing (using proceeds from the sale if necessary), or negotiate a reduction in price to offset the lien liability.
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