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Updated almost 3 years ago on . Most recent reply
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Would you buy a home with city liens/fines?
I'm eyeing a house in a great area BUT the home has tons of liens violations on it. Would you stay away from this? Is there a way to buy the home w/o paying those liens/violations?
Most Popular Reply
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Yes, maybe,...this is a step by step process. If all steps are completed in order, then these liens/fines alone aren't the reason to not buy a property. The analysis still has to work. Here are the steps, in order:
1 - Negotiate verbally ahead of time with the city.
2 - Put on the purchase agreement that the deal is contingent on the buyer receiving a satisfactory written agreement from the city to resolve the fines/fees issues.
3 - Now, get it in writing from the city. Take the signed PA to show the city this is a real deal that goes through with a written agreement from the city.
Now, if at this point you can't get it in writing from the city, I wouldn't do the deal.