Real Estate Law
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Hi and welcome to JA. I am Ray and will be the expert helping you today.You can contact lender here about a pay off on the lien.You would set out justification for an offer here and see what they say.Obviously the lien here out strips the value of property and buyers would be real limited.You might try to have a local realtor give you a valuation for the property or check the appraisal.In my mind this might have real limited buyers given the facts.You would want to see if bank will negotiate here and how much reduction they are willing to take to resolve the lien.
This may take some work on your part here but it might be a bargain if lender will accept a serious reduction.
I appreciate the chance to help you today.Please let me know if you have more follow up.Thanks again.
Sure contact information.
You can make the owner call with you , and see if they negotiate with him and you .
I appreciate the chance to help you today.Thanks again.
1-877 CALL BMO (225-5266)
I would try to get the owner down, to me this is worth only $3-$5k with the lien on it.I mean not going to be many takers with such a lien.
Thanks again for the follow up.
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