Tax Liens: Lesson 3
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Uploader Comments (thetaxlienspecialist)
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Great vids so far. One question though, are you sure the investor gets the own te home free and clear of ALL encumbrances? The investor doesn't have to deal with the mortgage of the original owner? Howabout if a person declares bankruptcy, what then?
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do you have facebook account ? i would like to add you.. thanks
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Great Job, love the training.
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The videos are probably a little over-simplified. As far as whether or not the property is completely free and clear of encumbrances, it depends on the foreclosure laws for each state. What survives foreclosure changes from state to state. Some states have laws that eliminate almost all encumbrances, and others like New Mexico allow a mortgage to survive. It's really a matter of knowing the laws in the state you're investing.
thetaxlienspecialist 11 months ago