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Updated over 7 years ago on . Most recent reply

User Stats

144
Posts
54
Votes
Elvis Vasquez
  • Accountant
  • Miami, FL
54
Votes |
144
Posts

Do mortgages allow houses to be purchased with Liens?

Elvis Vasquez
  • Accountant
  • Miami, FL
Posted

I have a house that I am interested in and the outstanding liens are currently around 10K.

Is it possible to have the escrow setup in which the liens are taken out of the sale of the House?

Or would the owner have to take care of the liens before I could purchase with an FHA loan?

Let's assume both options are not possible can I pay the lien myself and have the seller contract the house to only sell to me (obv this would be taken out of the sales price).


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