Question For All Wholeseler Experts (IRS lien on property)
Quick question to my Wholeseler experts:
What would you do in the current situation, this is more of a creative financing situation.
Seller agrees on a price to sell you the house, he is selling you the house for a 50% discount of ARV. He has a loan of about 20% of ARV BUT he has an a personal IRS lien to his name 10-15% higher than we you get the property under contract for. IRS puts a lien on his personal property. Property is in foreclosure process he has about 2 1/2 months.
What would you do ?