While asset searches focus on uncovering hidden wealth, background searches that look for liens and liabilities focus on a different aspect of a person’s financial life, what they owe and what risks they face.

What is an Asset Search?

An asset search looks for tangible assets like property, bank accounts, and investments. The goal is to uncover financial resources that can be used in divorce settlements, lawsuits, or estate planning. This can also include finding offshore accounts, business holdings, or real estate. The focus is on finding valuable assets that someone may be trying to hide.

What is a Liens Check or Liabilities Search?

Liens and liabilities searches, on the other hand, look for debts or legal claims against a person’s property. For example, if someone owes money to creditors or has unpaid judgments, these can appear as liens on their property. These searches help uncover outstanding debts or financial obligations that might not be immediately apparent. A person who has liens against their property could be financially unstable, even if they appear to have significant wealth.

How Are Lien Check Searches Used?

Asset searches are useful in situations where a person is trying to hide wealth, like in divorce or business disputes. Liens and liabilities searches come into play when you need to understand someone’s financial stability. If someone is hiding assets, they may not want you to know about their debts or obligations. By uncovering liens and judgments, you can get a fuller picture of someone’s financial situation.

Both asset searches and liens/liabilities searches are valuable tools depending on the situation. While asset searches look for wealth, liens and liabilities searches help uncover the financial risks someone might be facing. Together, they can provide a complete picture of a person’s finances. If you are looking to have a liens and liabilities search completed in NYC contact American Eagle Investigations to see how we can help you.