Buying property

[Rsp]

Anyone know how to get around a Lein the govt has on a piece of property in order for me to buy it?

[captainsling]

Good luck with that one! Wish I could help.

[texan4ut]

Pay off the lien out of the closing. Say the property is 50,000 the lien is 10,000 then you buy for 60,000 and the lien will be paid at closing or deal and say I will pay 50,000 and the lien will be paid by the seller at closing.

[Boomerang]

The seller is responsible for the lien. Use a title company and they will make sure (or provide insurance) there are not any other liens against it. That owner could have $1M in liens that could be attached to a property with a fraction of the value, then you lose your money. The lien can be paid at closing.

[Rsp]

The lien is quite a bit more than the value of the land! The land owner owns more adjacent land that's not for sale. There has to be a loop hole to get this one section off of the lien ! Any help is appreciated!

[HoustonHunter]

The seller is responsible for the lien. Use a title company and they will make sure (or provide insurance) there are not any other liens against it. That owner could have $1M in liens that could be attached to a property with a fraction of the value, then you lose your money. The lien can be paid at closing.

^

Good advice

[Brooks]

The lien is quite a bit more than the value of the land! The land owner owns more adjacent land that's not for sale. There has to be a loop hole to get this one section off of the lien ! Any help is appreciated!

walk away.

[Z7X]

run away.

[Stan R]

Sounds like an IRS lien maybe?

The part of the Guberment that has the lien would have to release.



Good Luck.

[MitchParker]

Maybe call a lawyer?

[Bruiser]

loop hole haha

[BTLowry]

The lien is quite a bit more than the value of the land! The land owner owns more adjacent land that's not for sale. There has to be a loop hole to get this one section off of the lien ! Any help is appreciated!

I seriously doubt there is any "way around" any kind of lien on property. That is what a lien is for, so the owner has to pay up whatever amount they owe to whoever they owe it to.

I would find something else.


Going to watch this to see if I am wrong


Only exception I can think of is if it is a property tax lien and they tax district sells it on the courthouse steps

[mjhaverkamp]

This sounds like it is as screwed up as a soup sandwich.

[Rsp]

It is a irs lien, I was hoping they could move the Lein to his other property! Guess I was wishful thinking!

[Ouch]

In the past, I have seen the lienholder release the lien on a portion of a property if it is sold, if the proceeds of the sale go to the balance of the note. The lienholder wants their money. If the owner has to sell pieces of the property, so be it.

For example, Joe has a lien against his 100 acres. He sells 50 acres as a means to produce asset to pay off or put toward the note. Lienholder will issue a release as to the portion sold, once the property can be adequately described (survey for sale). The title company would handle all of this. But, you're talking about the IRS, so... good luck with that.