Negotiate with both the bank and the lien holder

1. Tell the lien holder that the bank can foreclose the property. In this case, the lien hold would not get anything. Now if the lien holder agree, he can get a few thousand dollars. I successfully persuaded a lien holder to accept $5000 for a $35000 lien.

2. Tell the bank to pay the amount you agreed with the lien holder from the sales price.

Then you can still buy the property with your total price.

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• Thanks, More info here, Mostly $30k of the lien is the property -bob2009- ♂ (0 bytes) () 04/03/2012 postreply 14:33:17

• Mostly $30k of the lien is the property tax. -bob2009- ♂ (0 bytes) () 04/03/2012 postreply 14:36:45

• 地稅沒法商量除非first mortgage妥協或買方。但扛三萬太冤了。俺剛批的短賣是 -MrsKwok- ♀ (57 bytes) () 04/03/2012 postreply 15:02:55

• Right. 地稅沒法商量. Let the bank pay it from sales price. -va_landlord- ♂ (0 bytes) () 04/03/2012 postreply 18:32:28