Municipal Liens, Code Enforcement Violations, Permits and PACE Financing

This two-hour FREC-approved continuing education course provides real estate and lending professionals with information and insight to assist them in understanding how a municipal lien search and PACE financing affect a real estate transaction.

WHAT IS A MUNICIPAL LIEN SEARCH?

• The myths and facts about municipal liens, code enforcement violations and permits
• How to differentiate between a title search and municipal lien search
• What is not covered under title insurance and why
• Closing agent responsibilities related to municipal liens, code enforcement violations and permits
• Dissecting the real estate contract to thoroughly understand which party is responsible for expenses

WHAT IS THE PROPERTY ASSESSED CLEAN ENERGY(PACE) PROGRAM?

• Benefits of PACE
• PACE financing
• How to handle real estate transactions that have a PACE assessment
• How PACE affects the seller, the buyer and the settlement agent