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.
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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