Foreclosure... Short Time Frame
First timer. Started learning about REI 1 1/2 months ago. There's an auction for a property to be foreclosed in less than 2 weeks. House can be gotten for 100,000 pre-foreclosure. FMV in the area is 165,000 at extreme minimum. Found a tax lien on the property for almost 5,000. I've got around 1,500, if that is any help at all
Questions:
1- Will a hard money lender be able to close in a week?
2- Will the tax lien impede signing the deed over, or will it have to be paid before any transfers?
Thanks!
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