If you've been in the market to purchase a property in short sale, you may want to read this article (Click here) released by the Tampa Tribune concerning properties with liens pending against properties as a result of contractor non-payment to their construction vendors. While this article shares an incident with one bay area contractor, you buyers of short sales out there need to be aware that along with those amazing prices on properties deficient in their mortgage payments, comes possible tax liens, construction liens, attorney's fees, court costs, past due Homeowner's Association Fees, delinquent Homeowner Association Assessments and more.
The market may be pleasing for buyers, but remember "Caveat Emptor" (let the buyer beware). Examine the property and buy at your own risk, that would include not only include a full inspection of the home itself, but of its court and title records to verify what history you will be purchasing along with the home.
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