Should I proceed or pass

[Romie Graham]

Hello everyone, let's get straight to the point.  I found a property that fit all the criteria to be a great wholesale opportunity. The only issue is after doing my due diligence I see it’s more than 100k owed in back taxes, should I proceed and try to wholesale it or just move on? Also how long will the city let a property like that sit before they do something?

Thank you

[Polo Vazquez]

Well if the house is woth more than 100k the title company will pay the government their 100k and clear the lien when its sold. Mortgage company gets paid next, but if they are upside down (the remainder of the money is less than what they ow) then you might need to do a short sale. However if they sell for cheap and won't be able to liquidate this debt with the sell price then they buyer needs to pay it off. Government always gets paid. 

Your state might have different rules but I'm about 90% sure this is how it would proceed in my state.