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Updated over 10 years ago,

User Stats

5
Posts
0
Votes
Colin Leid
  • Investor
  • Fort Lauderdale, FL
0
Votes |
5
Posts

Buying form an owner that has a private mortgage

Colin Leid
  • Investor
  • Fort Lauderdale, FL
Posted

hi guys,

Got a lead that is motivated.  Her words are , "I just want this night mare over with"

She's an absentee owner

Currently on deed as owner (per county records)

However, I just learned from her that she financed the home with a privately held mortgage.

She has some taxes owed, outstanding fees with the association and may have a lien.

This will potentially be my first deal and I want some advice on how to approach this situation. 

Thanks in advance. 

Colin 

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