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Tax Liens & Mortgage Notes

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Matthew B.
  • Investor
  • Howey in the Hills, FL
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376
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Settling Code Enforcement Liens

Matthew B.
  • Investor
  • Howey in the Hills, FL
Posted May 7 2014, 14:34

I've noticed two properties in my town that are going to be auctioned at a tax deed sale next week. No mortgages, but they both have substantial code enforcement liens. I'm currently trying to contact the owner to see about purchasing the properties before the tax deed sale. I know code enforcement liens can often be settled for much less than the stated price, but I'm wondering whether this should be negotiated with the city before closing or after closing. Since I'm in a time crunch, negotiations with the city prior to closing may be impossible, but after closing the city may feel as if they have no inventive to settle since a rich, fat cat investor now owns the properties.

Any thoughts?

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