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Updated over 5 years ago on . Most recent reply

User Stats

13
Posts
4
Votes
Rod Davis
  • Rental Property Investor
  • Oklahoma City, OK
4
Votes |
13
Posts

Lien on potential SFH purchase

Rod Davis
  • Rental Property Investor
  • Oklahoma City, OK
Posted

I just spoke to a home owner about purchasing his deceased sister’s house. He told me he is looking to satisfy the lien and put a little money in his pocket. The home is valued at $80k. However, when i looked up the lien records, there’s a health care lien of $89k, dated from 2013. When i asked the guy how much the lien was, he told me that was part of his negotiations and wasn’t going to tell me that lol. Should i just move on? He’s motivated because he doesn’t want the family members involved and he’s elderly himself.

Most Popular Reply

User Stats

13
Posts
4
Votes
Rod Davis
  • Rental Property Investor
  • Oklahoma City, OK
4
Votes |
13
Posts
Rod Davis
  • Rental Property Investor
  • Oklahoma City, OK
Replied

@Corey Kenney I made an offer because the ball is in his court to try to get the dollar amount reduced down low enough to satisfy the lien and at least break even if he wants to seal the deal. If he can’t, then i simply walk away. My numbers won’t budge beyond what i’m willing to pay for the house and the house only. He’s got to do some begging with the state lol.

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