Found out townhouse has a tax lien

[happybat4]

My wife and I were in the process of buying a townhouse in Northern Virginia. We had the home inspection and everything and were set to close on March 13. Today we just found out the property has a $120,000 tax lien. The seller offered that we can live there with a reduced rent until he figures out the tax lien. Supposedly he did not know about it, but I don't really believe it.

 

Have any of you been in this situation. Now the lease to our apartment ends on March 31st and we don't have anywhere to live. Awesome! 

[nate]

Yea you should look elsewhere

[happybat4]

You have the weirdest life.

Thanks!

[Tank]

if you don't mind moving closer to the action, there'll be a place opening up on pennsylvania avenue in a couple of years, but it's on the maryland side of the potomac.

Edited March 4, 2015 by Tank

[happybat4]

Im working in Falls Church Va, don't want to make that commute tank, but thanks.

[JAHV76]

I'm not an attorney but you may want seek legal advice to consider review of your optons. Have you asked your landlord about a 30 extension of your rental?

[happybat4]

Im renting a 500 square foot studio apartment. Im sure I can extend it. It just sucks.

[1nutkruk]

Does the seller have enough equity in the house to pay for the lien at the time of closing?  If not, get out now.

[Adam]

Are you trolling us, dude?

[Thomas]

if you don't mind moving closer to the action, there'll be a place opening up on pennsylvania avenue in a couple of years,

The greens are such a rip off.

[happybat4]

Are you trolling us, dude?

Wish I was but nope. Looks like we are just forgetting about the house. Hopefully they give us the earnest money back.

[TobiasFunke]

I feel like I know more about Happybat than half of his family

[Hollyw00d]

Im working in Falls Church Va, don't want to make that commute tank, but thanks.

Woooooosssshhhhhhhhhhh

[Tank]

The greens are such a rip off.

 

maybe, but it comes with a full time gardening staff so you never really have to worry about the upkeep. they'll even plant flowers for you, plus there's already a giant Christmas tree on the grounds!

[happybat4]

maybe, but it comes with a full time gardening staff so you never really have to worry about the upkeep. they'll even plant flowers for you, plus there's already a giant Christmas tree on the grounds!

Just got it ha ha ha. I guess I can throw my hat into the ring and see if I get elected. As president I will ensure Josh Hamilton gets traded for Sean Burroghs. Yes the Sean Burroghs of the Bridgeport Blue Fish.

[1nutkruk]

Wish I was but nope. Looks like we are just forgetting about the house. Hopefully they give us the earnest money back.

Uh, you better get that earnest money back.  I think the fact that the d-bag seller not disclosing the lien could be considered a breach of contract.  How does someone not know they have a $120K lien on their house for taxes?  

[2002_halos_II]

The guy didn't know he wasn't paying taxes? Hmmm.

 

I thought here in CA tax lien property was auctioned off to pay the back taxes.

 

Anyways, he can't sell without a clear title?

[2002_halos_II]

PS find a new Realtor/Escrow company.

[Lou]

I feel like I know more about Happybat than half of his family

i know more about happybat than i do half of my family

[Tank]

that reminds me, i need to go to sport chalet for some stuff.

[Brandon]

Nothing to do here but move on or rent from him.

He can't close with a lien on the property. Renting just means at anytime you can get an eviction notice if the county decides to collect....not usual, but not worth the risk.

You'll get your deposit back, you only lose it if you qualify and back out...even as a buyer there is the trick of suddenly not qualifying from the lender to get your money back. Sucks, but best to move on and look for a new house. At best it will take him a while to clear up the lien.

[TobiasFunke]

Pics or it didn't happen

[happybat4]

Does the seller have enough equity in the house to pay for the lien at the time of closing?  If not, get out now.

He would be $60,000 short

[1nutkruk]

He would be $60,000 short

Can you spot him the rest?

[Blarg]

i know more about happybat than i do half of my family

I completely ignore my wife's half so that makes it easy. One of the reasons is they could easily be happybat part deux.