Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax Liens & Mortgage Notes
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 12 years ago on . Most recent reply

User Stats

1,550
Posts
291
Votes
Uwe S.
  • Property Manager
  • Dublin, OH
291
Votes |
1,550
Posts

Tax Lien on propertie - holder want entire pay off

Uwe S.
  • Property Manager
  • Dublin, OH
Posted

Found an mixed use building with 8 units and a tax lien of $28k on it.
Mostly units rented (2 vacant) and bring in some money. I could buy this house but cant pay off the tax lien, so I asked the lien holder for installment plan but he rejected he want all cash.
So my question is, where can i find someone who buy this tax lien and enables a installment with 18% interest?

-Uwe

Most Popular Reply

User Stats

2,082
Posts
1,043
Votes
Ibrahim Hughes
  • Real Estate Consultant
  • Bloomfield, NJ
1,043
Votes |
2,082
Posts
Ibrahim Hughes
  • Real Estate Consultant
  • Bloomfield, NJ
Replied

Uwe - I think Ned was saying that although you're asking for someone to buy this lien, what you may actually need (and not realize it) is a money partner.

I know you stated that the lien is transferable. But that does not mean it is for sale. In my state, tax liens are transferable/assignable. But that doesn't mean that anyone can come in and purchase someone's lien unless the owner of said lien is willing to sell.

So if the tax lien holder in this scenario isn't willing to sell you will actually require a money partner or Investor of some sort to come in with you and pay off the lien.

Again, I'm guessing (based on what I've read here ) that this is what Ned was trying to tell you. And if I'm correct then I'm also assuming that he was trying to give you tips on finding that money partner without violating security laws.

Loading replies...