Preforeclosure Short Sale Question
Working on a deal that is in Preforeclosure. Their are several judgements & liens associated with this transaction. If the lender accepts my short sale offer who would be responsible to pay the outstanding judgements & liens on the home. Thanks in advance.
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You are responsible to pay off the other judgements and the specific liens that attach to the property.
If you are unsure of the liens that attach, have a title search done. Then contact each one with your short sale proposal. Many times a release or a satisfsction can be bought for as little as $.10 on the dollar. Other times they insist on full price. Good luck.
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