Jan 11 • General 🌐
What do you usually do in these cases?
If a note secured by a 2nd (junior) lien is brought to your attention, and during due diligence you discover there are delinquent property taxes and an IRS tax lien ahead of it, do you still consider the deal?
Assume:
- There is sufficient equity in the property
- After accounting for taxes, IRS lien, costs, and timelines, there is still a clear profit margin
Would you proceed with the purchase after full due diligence, or is the presence of tax and IRS liens an automatic deal-breaker for you?
Interested in hearing how experienced note buyers think about risk, lien priority, and exit strategy in this scenario.
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2 comments
What do you usually do in these cases?
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