Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago,

User Stats

807
Posts
473
Votes
Nat C.
  • Investor
  • Miami, FL
473
Votes |
807
Posts

Buying property with lien

Nat C.
  • Investor
  • Miami, FL
Posted

I really hope some seasoned investors can help with this issue.

A duplex has come up on the MLS for 300K. It's in a highly sought after area and priced at $100 per sq ft which is well under market value.

The listing states the property has a large lien with the city. I called listing agent and he said there is a 600K lien and mentioned a bathroom which was built without permits. I looked up county records and the only document I can find is 1 work without permits warning letter.

I called the city to find out about mitigating the lien after I correct the violations. They said they do not discuss that until you actually become the property owner. My fear is buying a property and being stuck with a huge lien which the city won't reduce.

Does anyone have any history of buying a property with a large lien and if the city is happy to reduce or waive the fines (after violations are taken care of)? Or are they money hungry and just want to make as much money as they can?

Loading replies...