Buying a property (title) with 3 bank liens.

[Armando Payano]

Hello BP,

I am being offered a property for pennies on the dollar. I would be buying the LLC which owns the property. It's a good enough deal that I am willing to put in the work to try to get a settlement. The liens are not on the LLC but against the previous owner. My question is by buying the LLC and therefore being the title holder would I then become responsible for the liens?

Thanks in advance.

[Wayne Brooks]

The liens are against the property, no matter who the owner is. This sounds like a typical, was common, someone deep underwater deeded their property to someone looking to collect rents until one of the lien holders foreclosed. I assume you checked for any foreclosure actions. Highly unlikely lay you could ever negotiate the liens down to have any equity.