Forum Discussion
Daveinet
Dec 07, 2013Explorer
SolidAxleDurango wrote:I would disagree on this. My lender was very interested - interested in knowing I was aware of them. Since the lender retains the title, the lender is ultimately responsible for what happens on the property. They are 100% liable for any fines levied. The only reason you end up being liable is because the lender pays the fine and then goes after you. They do not want any hassle related to the property, as ultimately it costs them money and time going after you.
HOWEVER, the lender is not interested in covenants. They are only interested in title chain and claims to the title.
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