All Forum Posts by: Grant Smith

Perhaps I should have clarified.  I am aware the title company would be doing their role in this part to discover if any liens exist.  But, what if you knew before the title company did their work or even if you found out through the title company that liens existed - could the home still be wholesaled or are you saying the seller would have to clear the title by paying off the liens first?  In my example above I was assuming the seller wouldn't be able to pay for the liens unless the house was sold.  Make sense?

Hey all,

Well, time to stop sitting on the sidelines and become active.  So here's my first post.  

I just did a good bit of learning on wholesaling contracts and don't fully understand something - If a property has a lien on it and the sale price in a purchase and sale agreement is more than enough to cover it for the seller, how do you ensure the seller pays the lien upon them closing and receiving their payment?  Say you find out there is a lien of $3,000 during the title search.  Would you renegotiate the Purchase and Sale Agreement with a term/condition that the seller pays the $3,000 lien upon close?  Would they have to do it by a certain time?  What if they didn't pay the $3,000?

Hopefully this is clear.  Any help is greatly appreciated.

Grant Smith