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Experienced short sale buyers: I have a question re: liens.

Posted by Alfred, CA on February 04, 2010 at 12:41 AM

If you purchase a property from a lender via short sale what happens to any liens or other encumbrances on the property?

Are they wiped off as in a foreclosure or REO sale? Does the seller/lender clear them? Does the buyer get stuck with them? Do results vary from lender to lender?

Thanks in advance.


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