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Updated over 8 years ago,

User Stats

85
Posts
66
Votes
Khaled Helmi
  • Flipper/Rehabber
  • Clarksville, MD
66
Votes |
85
Posts

Massive Tax Lien on 100k Property - Am I reading this right?

Khaled Helmi
  • Flipper/Rehabber
  • Clarksville, MD
Posted

There's an auction.com property in my area that I was checking out (dont worry I dont mind if you beat me to this "deal"):

https://www.auction.com/details/3503-north-rolling...

Anyhow, in the Judgments/Liens section of the title report, this property has 11-12 liens for a total of around 150k.  The ARB on this property is probably around 150k, so basically liens=ARB - am I reading this right?

Also, my understanding is that if I win an auction.com property i'd be responsible for the outstanding liens, is that correct?  In that case, i'd have to be given this property for free...

Thanks all!

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