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Buying & Selling Real Estate

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Armando Payano
  • Developer
  • Tampa, FL
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118
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Buying a property (title) with 3 bank liens.

Armando Payano
  • Developer
  • Tampa, FL
Posted Oct 22 2017, 09:38

Hello BP,

I am being offered a property for pennies on the dollar. I would be buying the LLC which owns the property. It's a good enough deal that I am willing to put in the work to try to get a settlement. The liens are not on the LLC but against the previous owner. My question is by buying the LLC and therefore being the title holder would I then become responsible for the liens?

Thanks in advance.

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