Legal Question in Real Estate Law in California

Looking to purchase a property in a private transaction. However, it has an SEC Lien recorded against it. Is this like an IRS lien? Have had no success or answers when talking to Securities & Exchange Commission staff (amazingly unhelpful), various senior Title Officers (but they decline to insure), and several experienced, local real estate attorneys. The title docs do not provide much more information of any use. Letters remain unanswered. This seems to be a rare occurrence. Any suggestions beyond what has already been attempted?

Thanks.


Asked on 9/07/13, 7:16 pm

1 Answer from Attorneys
Bryan Whipple Bryan R. R. Whipple, Attorney at Law

I'd suggest a frank discussion with the owner-seller as a starting point. If you can't get a good handle on the size, scope and nature of this mysterious lien, starting with the seller's explanation and concluding with title insurance, I'd suggest purchasing a different property. Do you have a particular reason or need to acquire this particular property?

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Answered on 9/08/13, 1:08 pm


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