Philadelphia House With Water and Tax Liens

Philadelphia House With Water and Tax Liens

Flipper/Rehabber · Philadelphia, PA · Member since 2016 · 34 posts · 8 votes

I Have a House Under Contract that Has Water and Tax Liens...

I have it under contract for 85

ARV is 200

My question is that when I sell the house the Liens get Paid along side the house and seller gets what’s left or do i have to come to closing with money ?

Thanx Guys :)

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  • Investor · Tampa, FL · Member since 2015 · 184 posts · 83 votes
    7y

    should come out of closing.... do they own free and clear?  Because if there is a mortgage than that'll also come out of proceeds... 

  • Joseph ODonovanPro Member
    Property Manager · Ridley, PA · Member since 2017 · 427 posts · 449 votes
    7y

    @Roger Bickley The Title Company will pay off the liens at settlement. They will withhold the funds from either the seller or buyer depending on the agreement of sale terms. Did you agree to pay the liens? If so, they will appear on your side of HUD

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