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Tax Liens & Mortgage Notes
HomeForumsTax Liens & Mortgage NotesScenario Question..........
Erick V.'s profile image
Erick V.'s profile image
Erick V.
  • Residential Real Estate Broker
  • from Miami, Florida
  • Member since Jan 2, 2014
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Erick V.'s profile image
Erick V.'s profile image
Erick V.
  • Residential Real Estate Broker
  • from Miami, Florida
  • Member since Jan 2, 2014
Connect
Erick V.
  • Residential Real Estate Broker
  • Miami, FL
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Tax Liens & Mortgage Notes

Scenario Question..........

Erick V.
  • Residential Real Estate Broker
  • Miami, FL
Posted Oct 20 2014, 12:44

I buy an HOA lien through foreclosure and get on title. If the borrower is deceased, and the 1st lien payoff balance is less than market value, can I sell the property?

Or if the payoff balance is more than MV and I have to do a short sale, is the bank allowed to accept a short sale or is a probate required first?

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