A few months ago I helped various buyers purchase distressed properties, one with 10 mechanic liens filed against it, a listed HUD house (U.S. Department of Housing and Urban Development) and a house listed by the FHLC (Federal Home Loan Corporation). Each one of these houses had challenges that a buyer should be aware of when thinking about purchasing a distressed property.

One such home was a new build not completely finished which had more than 10 mechanic liens filed against it at the courthouse. The recorders and county auditor