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Updated almost 4 years ago,

User Stats

21
Posts
6
Votes
Victor Oben
6
Votes |
21
Posts

Negotiating a lien on a Subject to deal

Victor Oben
Posted

I have a property with a mortgage and a judgement attached to it. I want to take over the mortgage sub2, and negotiate on the judgement. The problem is the first is in pre-foreclosure with 3 weeks left before the sale.

- Do I start the process of negotiating on the judgement?
- How does this work if the sale is a couple of days away and the I'm still negotiating on the judgement. Do I still take over first sub2?
- Is it possible that the second refuses to take a discount after realizing I've taken over the first? How should I approach this?

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