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Buying Property with lots of liens........
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Mike Shimek
Posted 10/3/2010 06:41 (#1382315)
Subject: Buying Property with lots of liens........



High Springs, Florida
So, let say for the sake of conversation that the place has a $100K mortgage, and $120K in liens. Does that mean it has to sell for $220K? Or do you pay the bank what they will settle for and lien holders separately?
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