Updated over 5 years ago on . Most recent reply
Credit card lien on short sale property.
In escrow on a short sale as the buyer. A $3,000 credit card lien came up in title report.
The seller cannot afford to pay off that lien.
As the buyer what options do I have?
Would it not be in the 1st line holder's interest to pay off that small junior lien to allow the short sale to go through?
Could the credit card lien be forgiven or negotiated? If so who and how to negotiate?
Could I, the buyer, pay that lien separately? (would 1st lien holder allow that considering they are being shorted?)
Could I purchase property with credit card lien attached and then pay it off after sale?
Any advice would help. Seems a shame for a deal this good to go to waste over a small cc lien.