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Seller's files may include various lawsuits like foreclosure actions, contract disputes, or personal injury claims. These can give potential buyers a peek into your legal history and its implications.
You can check public records or credit reports to see if there's been any bankruptcy filed under your name. It's like digging up a time capsule to find out what's been buried in your financial past.
UCC statements, or Uniform Commercial Code statements, are filed to show that a lender has a claim on certain assets. They’re important because they can affect your ability to obtain loans and may indicate outstanding debts or obligations.
Liens are legal claims against your property, typically due to unpaid debts. If you have a lien on your property in Jersey City, it can affect your ability to sell it or secure additional financing.