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Updated over 7 years ago,

User Stats

73
Posts
9
Votes
Jose Falconett
  • Real Estate Agent
  • Colorado Springs
9
Votes |
73
Posts

How do i deal with defaulted tax & mortgage seller issue?

Jose Falconett
  • Real Estate Agent
  • Colorado Springs
Posted

If I find a motivated seller say from an advertisement that wants to sell their home because they missed tax payments and mortgage payments...Do I include that the buyer of the property will be covering these costs in the purchase contract or is it just something that is commonly known and does not need be included?

Also, what are the things you have to watch out for when dealing with payments that are behind? (Tax & mortgage)

---worried about properties going through tax liens/foreclosure process