All Forum Posts by: Matt Whiteside

Your best bet is to try and locate the owner and buy directly from them, the best scenario for you would be to get the property for the amount of the back taxes and maybe a small amount to the owner. The back taxes have to be paid back in full plus any interest and fees, so you won't be able to get it for less than the lien. As far as a foreclosure, if the property is empty the lien holder will get the deed and most likely just have to change the locks and that's that.  So hurry and try to locate the owner,  good luck.

i am a broker, what are you looking to do?

Well I come across some good deals. Why don't you private message me and we can talk and see if we can work together.

Well I am a Broker in the western suburbs. What are you looking to do with the properties, wholesale, rehab, or hold? How would I as the agent make money from such deals? 

@James Lehmann I got my license back in JAN. and you will have to state in your marketing that you are a licensed broker. With that said as long as you disclose you are still able to wholesale properties for yourself.

@Tre' Watson

Well I didn't offer the buyer anything they offered me $31k the seller was paid $5K.
@Tre' Watson

@Tre' Watson

I had an option contract where the seller got $5k and I paid back the outstanding taxes. I found an end buyer for $31K and assigned him the contract. Once all closing costs, taxes and hoa fees were paid the difference was mine.

@James Lehmann  Honesty is the best policy, just be upfront with him. If he is motivated to sell and he thinks he is getting a fair deal I don't think he will object. You may just have to accompany any potential buyers.

@Ricardo S. 

Yes the back taxes will be paid at closing but that will come out of the your buyers funds.

Is the house vacant? If not then your buyers may end up interacting with the seller and you never know what might happen. I agree to always be upfront with the sellers as to your intention to sell and make a profit.