Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Account Closed
  • Rental Property Investor
  • Rochester, N.Y.
25
Votes |
20
Posts

Buying a house with a $1k lien on it

Account Closed
  • Rental Property Investor
  • Rochester, N.Y.
Posted

So after looking for a property for almost a year I finally found a solid multi-family to house hack. Now I’m 3+ months into this closing process, full of lies and sidestepping from this sketchy seller, and the day of closing I find out a judgement still hasn’t been settled. I postponed the closing, but they apparently can’t find the person whom the seller owes $1,000 to. The lien will expire in 4 years and would be left in escrow until she collects or it expires. Lots of time into this now, would you go through with the deal and have the $1k in escrow? Or start searching again. 

Most Popular Reply

User Stats

776
Posts
776
Votes
Frank Geiger
  • Rental Property Investor
  • NC
776
Votes |
776
Posts
Frank Geiger
  • Rental Property Investor
  • NC
Replied

If the deal can't handle paying off a $1000 lien, it's probably not that good of a deal. Can you negotiate it off the purchase price?

Loading replies...