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Ray, Lawyer
Category: Legal
Satisfied Customers: 41569
Experience:  30 years in civil, probate, real estate, elder law
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Im trying to sell my home I just found out I have 3 liens

Customer Question

Im trying to sell my home I just found out I have 3 liens from my previous business.. is it possible to settle these liens below the value they want so I can walk away with a few $$ to start again
JA: Because real estate law varies from place to place, can you tell me what state this is in?
Customer: california
JA: Has anything been filed or reported?
Customer: well the liens showed up on the title report
JA: Anything else you want the lawyer to know before I connect you?
Customer: no im sure he will ask
Submitted: 2 months ago.
Category: Legal
Expert:  Ray replied 2 months ago.

Hi and welcome to JA. Ray here to help you today.Please bear with me a few moments while I review your question and respond.

Expert:  Ray replied 2 months ago.

It is possible to negotiate the liens down for cash.In most cases they will come down 10-25% here to resolve them and get paid.Make sure you get a written release filed for each one you pay off here.But they often will discount these for a cash pay off.Honestly they pad these with lawyer fees, late fees, etc so there is some give and take.

I appreciate the chance to help you today.Thanks again.

If you can positive rate 5 stars it is much appreciated.