Lien from County for Code Violations

[Sergio B.]

Property has illegal additions , it was never resolved by previous owner. This is a REO foreclosure. My understanding is the bank is supposed to give you a clean title, but who pays for the lien? Buyer? Seller? it gets wiped out by the foreclosure? I need this info in order to make an offer in a property. Asking price is 38K, it will probably need 25K to put it under code , lien is 21K.

Without the lien, it will be a good investment, the 21K throws out all the numbers.

[Wayne Brooks]

Sergio, a foreclosure does Not wipe the county lien. The REO sale is probably with you assuming the lien. Depends on how the contract, and more importantly the addendums, are written. I've bought a few With code violation liens assumed by the buyer. However, in PB county they will generally accept about 10% of the "daily fine" portion of the lien, which is the bulk of the fine. In Dade you'd have to ask around, but I guess it's similar. You will have to correct the violation first though.