Prevent Surprises with Your Co-Buyer

Avoid surprises with your co-buyer by checking for tax liens, owe back child support or outstanding court judgements against them.
TS-83590759_hiring-c8964AB-shaking-hands_s4x3

TS-83590759_hiring-c8964AB-shaking-hands_s4x3

By: Tara-Nicholle Nelson

If you are buying a home with someone else, make sure they don't have any tax liens, owe back child support, or have outstanding court judgments against them. Right before escrow closes, the title company will search to make sure there's nothing out there, because any of those things can be recorded as a lien against your home, impacting your lender's interest in the property. Your lender will refuse to fund your mortgage until they've all been paid off. If they are large debts, this can mean that you'll have to either (a) buy the place alone, or (b) figure out how to come up with a bunch of cash to pay them off before you can get into your house. Prevent surprises, and check with your co-buyer on these things before you get into escrow. 

Next Up

Why Do I Keep Getting Outbid in a Buyer’s Market?

Tired of getting outbid? Don't despair. Take real estate Tara-Nicholle Nelson's advice on how to break the cycle.

Owner Financing: When Sellers Lend Money to Buyers

What to know about this non-traditional way of financing a home purchase.

Buyer's Remorse: Dos and Don’ts for Adjusting Your Mindset

It's common for little worries and wonders to pop up after you've bought your home. Here's how to ease your concerns.

Buyers: What to Do When Your Loan Falls Through During Escrow

Number one tip: Don't freak out. Real estate expert Tara-Nicholle Nelson walks you through the next steps to take.

Buyers: What to Do When You Lose Your Job While In Escrow

You're in the middle of buying a home when the dreaded pink slip arrives. Find out how one couple handled the unwelcome turn of events.

Buyers: What to Do When Your Realtor Quits You—or Just Quits

Ditched by your Realtor in the 11th hour? Here's what a smart homebuyer should do.

A Buyer's Guide to Open House Etiquette

Master these dos and don'ts of house hunting.

Buyers: Don’t Freak Out When You Get Bad Inspection Results

What’s a homebuyer to do if your home inspection has bad results? Drama-Free Real Estate expert Tara-Nicholle Nelson shares her tips and tools.

The Buyer's Field Guide to the Open House

Arm yourself with these expert tips and advice when braving the Sunday open house. Learn more on HGTV.com.

How to Recession-Proof Your Home Purchase

First-time homebuyers, word to the wise: Look for attributes that add value to your new home to help combat falling prices. Here, basic guidelines to follow.

Stories We're Following

Shop This Look

Found a living space you love in HGTV's Photo Library? Get the look in your own home with products from Wayfair.

Follow Us Everywhere

Join the party! Don't miss HGTV in your favorite social media feeds.