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Andre An
  • San Diego, CA
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DEAL PENDING: Question about liens on a property

Andre An
  • San Diego, CA
Posted May 7 2014, 10:13

I found a motivated seller. I'm going to look at his property today and I think there's a very high likely hood he's going to want to sell.

He told me the home has an 50k lien from a business deal gone wrong, in which he used his home as collateral. The home is worth about 300k.

Here's my question. Knowing the lien is in place, should I go ahead and get him under contract. Or should I wait and try and figure out the lien situation first?

Thank you!
Andre!!

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