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Will this Judgment attach to the Property?

Posted by David F on January 28, 2004 at 11:20 PM

Ward,

HERE IS THE SITUATION:
Husband grant deeds the property to his wife in October 2001. In January 2002, he receives power of attorney from his wife. In September 2002, husband has an abstract judgment recorded against him in the same county in which the Property is located.

QUESTIONS:
1. Does this judgment put a cloud on title?

2. If I buy this property now, subject to existing liens, what problems will I have selling it on the retail market due to this AJ?

3. Would the title company I use to resell this property easily see that this AJ is or is not a problem?

4. Would you or would you not recommend getting title insurance when I purchase this property?

5. How does the fact that he has power of atty affect the state of title?

Thanks in advance!

David



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