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Foreclosures, Short Sales, Tax Foreclosures, Tax Liens Forum
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shaamrock
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Posts: 44
Credit card LIens/ discounting
«
on:
May 07, 2005, 08:24:19 AM »
i spoke with a credit card company and the homeowner owed 8000.00 they would only discount 5000.00 if i want that property i have to pay off the 5000 right? how do i bluff them that i'm just going to let the property to into forclosure and they might not get anything... Also how do i know if the credit card debt is truly attached as a lien on the property?
thanks TOmmy
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Sequan
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Posts: 103
Re:Credit card LIens/ discounting
«
Reply #1 on:
May 07, 2005, 10:09:23 AM »
I don't know how you can bluff them.
I guess tell them if they don't work with you they will get wiped out, which is true.
I would only pay them about a 1,000.
You have to do a title searh to see is there is a lien against the property.
Or have someone do it for you.
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