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Updated almost 8 years ago,
Short Sale involving Clouded Title
Came across a short sale deal that has a clouded title - a large contractor lien. Work was completed but never paid for so the lien is now outstanding. Acquiring the title will require the lien be paid prior to closing. I began a negotiation with the contractor but time may run out since the foreclosure is still advancing - short sale approval has not been granted yet. Anyone have any experience with a deal like this one? If so, what was your experience? Was the bank open to delaying foreclosure? Thanks!