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hi
i am no master in contract or real estate law.
However, my belief is that if there was no lien on the title , and no signed arrangement by the seller to satisfy the contract, then the lumber company is out of luck.
The lumber company may have a 'claim against property' -however, when the owner signed the deed over to you - he was guaranteeing it was clear. I assume that you purchase title insurance in any event.
If the has a problem now, it will be with the previous owner, and if not -your title insurance should resolve any previous claims against your land
thats my layman opinion, but you should contact an attorney.
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