
Originally Posted by
IdahoScrapper
Another thing to watch for is any back taxes or liens on the home. Last thing you want or need is to give the owner $100 and find out there's 1,000s due on it. Not sure who would be liable in that instance, but it's not something I'd wanna get tangled in.
Liens should come up in a title search, then the Title Search company is responsible. I'm not sure all states require a title search, though, then the buyer would likely become responsible since the lien goes with the property. I very nearly got caught like that in Texas about 38 years ago. Went to buy a really nice house before a neighbor tipped me off to liens for building a patio, putting in a pole light, digging a sewer... over $10,000 in liens on a $50,000 house.
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