Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago,
Length of time a seller defaulted payments affect sale?
So if a seller has defaulted payments on their taxes or mortgage for several months, does the length of time that they have been in default affect a prospective buyers ability to purchase the house even if the buyer is willing to pay off those defaulted payments (motivated seller).
I would rather not wait to find out the house is not sellable at closing/title search due to tax or foreclosure proceedings. I would like to be able to know before putting it under contract.