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House with a lien - question
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I've come across a house I'm interested in purchasing. The listed price is $600,000, but there's a $515,000 lien on the property. The fair value of the home is $600,000.

The listing agent mentioned they're working to have the lien removed and are NOT in a rush to sell, but it has me wondering why they'd list the property with such a significant lien.

Could it be that they're trying to sell quickly before a potential foreclosure by the lien holder? I'd appreciate your insights, especially considering I'm not a seasoned real estate investor.

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7 months ago