Rental Property Investor · Houston, TX · Member since 2018 · 70 posts · 33 votes
Hi. Looking for some advice. I’m making an offer on a property with 12k property tax lien. The price of the deal has been raised to include the lien so it can be paid off at closing. My question- what are my options if the property will not appraise for this new value? This is a financed deal with title company insurance.
Specialist · Owings Mills, MD · Member since 2017 · 485 posts · 415 votes
7y
@Cristin Andrews . Pay the difference between purchase price and appraisal in cash. . Ask the Seller to reduce the price to appraised value minus 12K . Ask seller to pay a portion of the tax from Seller proceeds