Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

Account Closed
  • Real Estate Agent
  • Rocklin, CA
71
Votes |
166
Posts

Association forclosure lien

Account Closed
  • Real Estate Agent
  • Rocklin, CA
Posted

I am looking at a potential flix and flip. The property is being marketed for $75k with an ARV of $200k with little renovation work and it's in a nice area.

The issue is with the title. The property has an association foreclosure lien on the title but the lien is paid off supposedly. 

My question is 1) how can I clear the title? I am slightly suspicious because the person selling the property is an investor so if it is easy to do then why is he not doing it? 

What if I hire an attorney or company to investigate this for me to assist with clearing the title? The numbers are fantastic so I am trying to figure a way out to make it work. 

Thank you for reading my post and I appreciate any guidance!

Most Popular Reply

User Stats

23,418
Posts
13,509
Votes
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,509
Votes |
23,418
Posts
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Definitely get a title search first.  When you say it has an association "foreclosure lien", do you mean it has a Lien, or has it actually been foreclosed on?  If just a lien, easy to figure out.  If it was foreclosed on by the association,  there likely is still a mortgage attached to it, which the "investor" may be looking to stick you with.

Loading replies...