Hello everyone, I’m in the process of closing my first multi-family property purchase in Buffalo, NY.

thank you for the answers. i have an update on the house. i spoke with the owner. i had her call the lien holder that i found thru my research at county records. the lien holder told her that the account was now in collections thru a place called nationwide collections. she called them. they claim tohave a lien on the property, which i have found nothing. they claim that they will not release the lien until the account is paid in full. they were fine with me buying the property, but i would have to call them to make a deal. i looked up some information on nationwide collections and they seem to be an agency that practices very unethical practices in their collection efforts. it would seem to me that they would have to file a lien with our county court house here in buffalo, ny to have a legal lien on the property. i have found nothing of the sort. the most recent lien i have found is from the lender that filed the lis pendes over 3 1/2 years ago and has done nothing since. this is the case that their lawyers say is closed now. it sounds to me like we have a collection agency that has purchased a note from the lender, and will do just about anything to collect, but does NOT have a lien. i suppose they could tag a lien on the house if they choose to do so, but only if the house was still in the owners name. otherwise, all they have is a note with a persons name on it. can anyone out here in the bigger pockets world clarify this matter for me?

I have seen people post all sorts of different time periods for that here on BP - and all those other numbers would be wrong.

That's in Buffalo? 

400 W Utica st Buffalo NY 14031 - bought it for $140,000 with a rent roll of $1225. 

But have you seen Buffalo? 

I need to plan my Buffalo River trip!

It is at Buffalo Wild Wings in Broken Arrow at 7pm.

I'd get her on postal mailing lists for local senior and community centers too.

If I remember from the website they actually first pay you the lien amount and interest, then they deduct any court, postal and other fees for the foreclosure and selling the property - then the remainder is split with you.This would seem feasible only if you are an out of state lien holder and property is not worth very much.