Tax, Mortgage, and other liens

[Ronnie Galindo]

Hello BP, 

Question, has anyone bought a property that had liens that amounted to more than that of the property value? How hard was it to get through that and how much time did it take? 

We found a perfect live in house-hack/flip but the owner has around 1.2mm in liens and the house is only listed (and worth) 850k. The seller is working with a tax attorney to get letters to lenders/IRS/etc. to do a short sale but wondering if anyone had personal experience?

Thank you,

-Ronnie