I would guess that they would have done a deed in lieu on those properties that did not have a second lien or other title issues while going through foreclosure for the rest of them.Have you ever encountered a situation where the loan amount was less than the price at which you sold the property?

I don't think J got to that point by trying to figure out how to turn poor contractors into outstanding ones...he stopped using the bad ones until he found good ones.

You say the lien is from Dept. of Recovery services?

Back taxes and liens can also take a great deal to a horrific deal.Other than that, I'll raise an eyebrow but don't automatically run for asbestos, lead paint, bad basements/foundations, stigmatized property, etc.

I am surprised a tax lien hasn't been already sold off for those years.The money is owed to the tax lien certificate holders.The city and county needs the money to function each year for the tax revenue.So they sell of the tax certs to get money today.A guaranteed return is then given to the tax certificate holder so there is no negotiation on the balance.After a certain time they can file for a foreclosure tax deed.Things do vary by state in how they operate with tax deeds/certs etc. so your state might have some quirky rules and regs.First see if the property is in the city limits and if not you are just dealing with the county taxes.

You could ask the seller to suboordinate his lien position with the financed note for the second.No way I would want to do that though.I think a better bet is a money partner that makes some on the note to you and an equity stake etc.

Actually my balance sheet was attached as an addendum to the Fannie Mae 1003 Loan apps the private lenders requiredsince the Money Markets/CDs/non-qualified retirement account balances barely exceeded the loans outstanding on the first four properties, I assumed the Roth and the IRA LLC balances were the reasons loans were extended on the last four SFH.

Ben Siegelbaum Thanks for your outstanding info!

The outstanding note balance is $235k and the accepted price with the note holder is $200k (84 cents on the dollar).

I’ve also dabbled with tax lien certificates which hopefully will pay off soon.