Legal Question in Real Estate Law in New Hampshire
Title insurance
You have a home built by a custom builder. A title search is performed prior to closing. Title is clear and title insurance is purchased at time of closing. Now 6 months later a lien is placed on the house because the builder has not paid his sub-contractors. Is the homeowner liable?
Asked on 1/03/03, 8:55 am
1 Answer from Attorneys
Roy Weddleton
Granite Law
Re: Title insurance
at your closing there should have been a document signed by the seller that there were no subs that worked on the house in the previous 120 days that had not been paid; the sub contractor has a claim against the general contractor but it is secured against your house.
Answered on 1/05/03, 9:52 am
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