All Forum Posts by: TamaraFaye Smith

So I am a real estate investor just starting out. I have a potential property, the seller is motivated and verified there aren’t any back taxes, and the home is owned by him, no banks involved. But he lets me know there is a 2nd mortgage taken out on the home. My question is when I find the buyer to purchase am I asking for the sellers original asking price plus the 2nd mortgage or just one or the other?

@Jay Hinrichs I am a real estate investor and I have sellers disclosures. License really tend to hold the sellers back because of certain legal rights and laws that are held to the brokers and agents. I agree that they aren’t necessarily a need. Of course putting location into the scenario.