Tax Lien approach

[Account Closed]

I found a vacant property and contacted the owner. After title search, a $202k tax lien from another tile co. was placed on the property May 2014. (BTW, the property ARV is approx. $126k.

I would like to do a lease option on this property, (The owner and I have been talking for a few weeks)

I have not been in this situation before. I am thinking about contacting the title co. that has the lien against the house to see how much they are willing to take from the owner and what other payment arrangements can be made.

How do I approach them without sounding like a complete idiot?

Thank you in advance for your comments and time!

[Josh Carr]

If it is a tax lien then you will need to approach it with the county and their division of delinquent taxes to purchase the tax delinquent property either with a tax deed auction or as a tax lien which may have some time to go with it before you can act on the foreclosure.  If it is an IRS tax lien then it will be equivalent to a property tax lien and will still need to be satisfied or worked out at one point in the process.