Tax Lien in Texas Negotiated Down

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So if a note in Texas has a lien on it by the county, can I negotiate the payment of the taxes when I submit my bid for the note? Or is my bid on the note considered the amount I am willing to pay for the taxes? The lien has not gone to judgment and the taxes equate to more than the UPB of the asset.

[Mike Hartzog]

I think this is probably one to let go. Typically you would determine a bid price for the note without taking tax and municipal liens into consideration, then reduce the bid by those amounts. But with this one, there is really no value in the note because the taxes due are greater than the UPB. So the seller is completely under water on this one, and probably trying to find someone to buy it that has not done their homework. It is sometimes possible to negotiate these down with the county but it is a low percentage thing, and not something you would want to gamble on.