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Updated over 9 years ago,
Subject to Deal - With Curveball
We have a motivated seller who is willing to do a Subject To deal - amazing. The problem is that he wants 12K cash to settle a lien, placed by a bank, on a separate property that he lost to foreclosure.
The seller will allow me to contact the lien holder (Bank) and settle the lien.
Here is my question:
1. What do I need in order to act on behalf of the seller with matters pertaining to this lien?
2. Will a bank reduce the amount of the lien?
Thanks,
Joe