Tax Auction HUD Lien
I am looking at a property that has a lien that was placed on it in 1982 (Minimum Housing Standards/HUD).
The interest rate for this lien is 18% and there may of been 35 years of it not being paid (people are currently living in the house however).
Have any of you been successful in negotiating a lower pay-off amount? From a legal standpoint I don't believe there is anything you can do to litigate the price down however my lawyer states sometimes they decrease the amount significantly.
Any ideas on how to deal with this lien?
Its located in Miami.