Foreclosure Liens
Liens are charges made to enforce payments. When properties go on sale, lien holders frequently short sell and leave money on the table. A foreclosure home short sale cover what you owe without additional liens.Property information on a foreclosed home for sale is usually a matter of public record. Hence you can usually find the information you need at the local county courthouse or county record department.
Lenders currently have an abundance of foreclosed real estate owned properties (aka REO’s), which should give you some leverage. Lenders may take a “short” payoff, which means they’ll accept less than is owed. You’ll also need to contact any lienholders in order to negotiate a sale price.