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Updated over 11 years ago on . Most recent reply

User Stats

24
Posts
7
Votes
Alexaundra McCormick
  • Wholesaler
  • Springfield, MA
7
Votes |
24
Posts

I want to wholesale Tax Lien properties, How do I do that at Closing?

Alexaundra McCormick
  • Wholesaler
  • Springfield, MA
Posted

do you have to pay the tax liens first before you can assign the contract to a buyer or can you make an agreement for what the owe in taxes and then assign the contract to a cash buyer at closing

Most Popular Reply

User Stats

1,409
Posts
776
Votes
Ellis San Jose
  • Rental Property Investor
  • Westlake Village, CA
776
Votes |
1,409
Posts
Ellis San Jose
  • Rental Property Investor
  • Westlake Village, CA
Replied

If I understand your question correctly, you want to assign a contract to a property that has a property taxes lien.

Yes, you can assign a contract if you are assigning the right to close exercise that you have with the current owner on title. You are not required to pay off he lien first. The lien will have to be paid off if he next buyer wants to get institutional financing.

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