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Updated over 16 years ago on .

User Stats

432
Posts
63
Votes
Shari Posey
  • Residential Real Estate Agent
  • Long Beach, CA
63
Votes |
432
Posts

Need a loan for a property with a substandard prop. lien.

Shari Posey
  • Residential Real Estate Agent
  • Long Beach, CA
Posted

I have a bank-owned listing with a notice of substandard property lien on title put on by the city because of outstanding building permits expired without being finalized. I'm trying to coordinate with the city and a contractor to get the necessary repairs done to remove the lien prior to selling BUT if that is not possible, do you know any bank that would loan on this property? So far, I've struck out with lenders, however, the title officer tells it happens every day.