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Updated over 12 years ago,

User Stats

63
Posts
9
Votes
Kevin Raye
  • Wholesaler
  • Miami, FL
9
Votes |
63
Posts

Help!

Kevin Raye
  • Wholesaler
  • Miami, FL
Posted

I have a property where the owner owes about 40k on the property and 9k in back taxes. There is a tax deed sale set for October 18, 2012. Recent sales in the area average out to 100k. The owner just wants out of this situation. Since their is a tax sales approaching, can I negotiate with the bank on price, find a buyer and wholesale it before the tax sale? Is the owner still on the hook for the mortgage when the house is sold? Any input is appreciated!

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