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Updated about 10 years ago, 12/02/2014
Messy prelim title report
I'm looking at a multi-family deal in Oakland and have been reading through the disclosure docs. First time I have ever come across such a messy prelim title report. The sellers haven't been paying their City of Oakland business tax or garbage service for years! Also seems like they have taken out multiple loans on the property with different lenders.
How do I proceed? What questions need to be asked? Is this a deal breaker?