There is a property that we want to acquire. It has a Department of Revenue lien (on a junior position) that brings our cost of acquisition higher that we want to pay for the property. First position lien holder started a foreclosure process. If it goes to the auction DoR lien will be wiped out.
Does anybody have a strategy for negotiation with the Department of Revenue or buying their lien at deep discount?
Hi Tatiana, you may want to cross post this also in the Seattle forum: https://www.biggerpockets.com/forums/770-seattle-real-estate-forum
Thank you, Bob! Will post there as well.