However, there are still 2nd and 3rd liens.

So you take the outstanding principal balance X 15% to get your annual interest.

You don't have to have cash like you would at the auction and you don't have to worry about secondary liens, like you would on a pre-foreclosure.Pretty basic info.

This is for a 2nd lien.

Try netronline.com for the county their located in see if you can see who has liens recorded online usually free if county is available.

Here's a recent deal, I acquired an abandoned property through a tax lien foreclosure.

A short sale occurs when a bank allows someone else to purchase a property for an amount not sufficient to satisfy the current liens.

Suppose there is this property:FMV 200k1st lien 125k (with arrears)2st lien 25k (current)Mechanics Lien 5k.1st one is foreclosing.

You might want to start out with:City Properties Lien Searches and Inquiries — (954) 828-5155AND/ORBroward County Property Aprraiser Lori Parrish: (954) 357-6904, [email protected] tell them what you know.

Purchased a run down property through tax sale (in Texas). This was a homestead property so did not want to do any improvements on property until redemption period was up (2 years). About 11 months I was contacted &...