Here are just a few gems of information that will get you on the winning path!
A lien is an unpaid debt attached to a property that complicates the sale of the property until it’s resolved. While mortgage liens are voluntary and expected, other types of liens can keep you from having clean title to your property. Mechanics lien, tax lien, and a judgment lien are involuntary and must be resolved before sale.
PROPERTIES WITH LIENS
There are four primary types of voluntary and involuntary liens seen frequently in real estate: mortgage liens, mechanics liens, tax liens, and judgment liens.
Purchasing properties with liens can lead to buying from a distressed homeowner. The homeowner is motivated to relieve themselves of a financial hardship. This means you are more likely to buy the property below market value.
Byron has had consistent success with Properties that have Liens and has put together Free Resources to help you win as well!
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