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Updated over 5 years ago,

User Stats

31
Posts
14
Votes
Travis Ward-Osborne
  • Rental Property Investor
  • Astoria, NY
14
Votes |
31
Posts

Property sitting on market for over 400 days with title lien

Travis Ward-Osborne
  • Rental Property Investor
  • Astoria, NY
Posted

There is a property in my market that has been chilling on Zillow and other sites for 400 days. Whether or not this is 100% accurate, it seems like nobody wants to touch this property. It is a foreclosure being sold “subject to a first lien mortgage on the title. Buyer to be responsible for clearing any and all title issues.”

The house is listed WELL under comps in the area. As in several hundred thousand under. So my question is, why is nobody touching this place? Are there title issues that are bad enough that they would drive even investors away?

Your input is valued!

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