Can liens be removed (with tenacity and grit?)
I am looking at an auction property. The auction/sellers included a prelim title report and it is UGLY! Over $70,000 in various liens, and some, such as unpaid child support, have no amounts listed. This house is only worth $100,000 in the condition it is in. But it could be rehabbed and is in a nice neighborhood. Could sell for $170K. If the liens weren't an issue, it qualifies, in my book, as a decent flip. I talked to another investor recently who was able to have liens removed. According to this person, it took 4 months, but the house, when flipped, earned $60K, after all costs. What info does anyone have on any of this? This will only be my second purchase if I can make it happen, i.e. wade through the lien issues. I do have tenacity and grit and am fully committed to becoming a savvy investor through experience and education. I just want to keep hold of my $$$ until I get there. Does anyone have experience on removing liens?