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Liens on a Property
Hello biggerpockets!
I'm considering making an offer on a property but it has a few liens on it. I'm wondering what I would be responsible for paying and how I could use the liens to my advantage at the bargaining table. They are the following (abbreviated):
1) Taxes and assessments for 2015 - $10,000
2) Open-end mortgage - $65,000
3) Mortgage - $75,000
4) Collateral assignment of leases and rents - $91,000
5) Open-end mortgage - $91,000
Is this something I should still bid on? If so, do any of these liens give me the clout to look for a lower offering price?
Thanks!