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Updated 9 months ago on . Most recent reply

User Stats

2
Posts
1
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Greg Patterson
  • New to Real Estate
  • Knoxville, TN
1
Votes |
2
Posts

Buying a property with a Tax Lien

Greg Patterson
  • New to Real Estate
  • Knoxville, TN
Posted

Greetings BP folks,

My wife and I are negotiating a deal in our area for a home that has a tax lien from the city and county.

We have been working with the seller for quite some time and were offered the opportunity to purchase the home at a great price, we also have agreed to pay off the tax lien in addition to the purchase price.  This will be an all cash sale.

We have a question about this transaction:

1.) What should the order of operations be to navigate the tax lien and get a clear title?

IE: get signed purchase agreement, contact title company, pay-off tax lien, secure title and then close with cashier check at the title company?

We do not want put ourselves at risk of paying off the tax lien and then not getting a clean title or worse yet, having the seller back out on us.


I hope that makes sense and I really appreciate any advice.

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