Selling land and has 14.5 k in Labor Liens (Houston TX)

[German Torres]

Hi BP community!

I bought a land at Tax Sale Auction thinking I was buying a house for 18.5k, really soon after the Auction I was embarrass for my poor Due diligence, took me a while to overcome the feeling.

Year and half later I took the decision to sell, and finally a buyer 11 months after law ball me and I accepted 18k, just to take my inicial investment, but this time title company told me Is a Labor Lien for 14.5k dated from 1985 (the land used to be City’s property).

According to my math, if I decide to go through I’ll be loosing all my money, because I paid back taxes and current. 

I have the Idea to cancel the contract, develop the land building a duplex, and when the time comes to sell I’ll have developed  enough equity to  cover the Lien.

Any Thoughts?