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Updated over 9 years ago on . Most recent reply

User Stats

757
Posts
318
Votes
David Bokman
  • Real Estate Investor/Wholesaler
  • Philadelphia, PA
318
Votes |
757
Posts

Owner wants to sell me house that has tax liens on it.

David Bokman
  • Real Estate Investor/Wholesaler
  • Philadelphia, PA
Posted

Curious on everyone's thoughts on this and if there are any options or is this is clear signal to RUN AWAY!!!!

I have a home owner that HAS to sell his house. Owner owes roughly $31k in liens and recent comps of houses on his block are $30-32K. Owner wants to sell me the house for $100....I actually only wanted to offer $1 but with all these liens and code violations and current comps is this simply a house to stay away from? Or are there any options? What would you do? 

Thank you for your feedback.

Most Popular Reply

User Stats

70
Posts
16
Votes
Erik Johnson
  • Rental Property Investor
  • Ripon, WI - US
16
Votes |
70
Posts
Erik Johnson
  • Rental Property Investor
  • Ripon, WI - US
Replied

Why don't you see if the owner can pay some of the loans or pay you to take it and then you can help them out by paying off the rest of the liens?

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