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Real Estate Deal Analysis & Advice

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James Sinclair
  • Austin, TX
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123
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Liens against property

James Sinclair
  • Austin, TX
Posted Jun 5 2013, 17:22

I am new to the site and new to buying investment property but have a question about the quick offers being discussed. I was going to buy a lot and made an offer on it. During the title search it was revealed that there were back taxes, back home owner fees, and an IRS lien on the property. The owner did not clear these up and I terminated my offer. It seems like some of the all cash offers being discussed don't protect you from title problems. Am I missing something in the discussion? How you make these quick offers without ending up with property that you can't do anything with?

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