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Is it true that after one buys and moves into a house, his/her AC/heater or other expensive fixtures or personal property might be taken away by creditors of previous owner?

April 26, 2017AC buys expensive fixtures heater House moves Property

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Is it true that after one buys and moves into a house, his/her AC/heater or other expensive fixtures or personal property might be taken away by creditors of previous owner?

1 Answer

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It is true according to the federal Uniform Commercial Code on security interest. It is important to do a title search and check the public records for outstanding security interests that may exist on various fixtures attached to real property.