All Forum Posts by: Brian Erlich

I am hoping to be able to work with them, with the permission of the estate.  The person whose name is on the deed, has passed away.  With the home in foreclosure the lien holders will have to work with me or in the very near future their claim will be wiped out in the foreclosure sale.

My situation:

I have a pre-foreclosure under contract for what is owed on the mortgage, taxes, and HOA fees. I just discovered that there are two FIFA liens the first from Capital One and the second from Discover Card. The home owner has passed away and I need to get these liens cleared up before I am able to complete the purchase. There is some time pressure, because the home is currently in foreclosure.

My Questions:

• How can I go about getting these liens removed?
• If negotiating the payoff, do you know what percent discount of the balance that I should be able to achieve?
• How long does it usually take to settle?What is the best way to put pressure on the lien holder to settle low?

I am looking to learn about all aspects of Real Estate investing