$1MM in Tax Liens!

[William Morgan]

I've encountered a property owner who has a duplex with over $1 million in tax liens (state and county) placed on it. The liens originated from prior failed business venture. The property ARV is ~$500,000. I'm interested in buying it for $3-350,000.

Question: Has anyone successfully purchased a property where the leins exceeded it's value?

How did you negotiate with the taxing authorities?

Were you able to get the liens reduced and discharged to enable the sale?