Wholesaling a property that has a lien

[Matthew Santillanes]

Hi,

Just had one question.  What happens if I find a willing seller to wholesale their house for say $10,000 but there is a balance still owed to the mortgage company for $20,000 what happens?  Does my offer have to equal the balance at minimum?  I'm kind of stuck here.  And is it the same for a tax lien?  

I think that the title company will deal with this right? But I would just like to know before the situation actually rises. 

[Ned Carey]

Originally posted by @Matthew Santillanes:

So if there is a lien on it, is the balance of the lien the lowest amount I could offer on the property?

 Basically yes. There are two exceptions both can be tough to pull off

1) The seller agrees to come to the settlement table with money. In other words the seller pays out of pocket to sell the house. 

2) The lien holders accept less than due as payment in full. There has to be a good reason for this and you need to be a very good negotiator.