re: Medicaid Lien exceeds the value of the house - can it be short saled?

Question

Does anyone have experience negotiating with Medicaid? I jsut recently got a contract on a house where my purchase price is half the value of the medicaid lien. I've done short sales plenty of times but never with a Medicaid lien.

The executor gave me permission to try and negotiate with them so I'm wondering what kind of mess I'm getting myself into ;)

Any advice or experiences would really help!

Joel Owens · Answer

Make sure permission is in writing as I am sure they likely will require it before discussing with you.

You need to really get the decision maker on the phone and listen to what they want to achieve.

If you are not even in the same stratosphere for a lien release for XX amount it could be a waste of time.

Lafi S. · Answer

I'm familiar with that end of it...I'm just curious if there's any experience directly with Medicaid as a lien holder instead of your traditional bank holding a mortgage.

re: Medicaid Lien exceeds the value of the house - can it be short saled?

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