I have heard the owner has a year to clear the tax debt up. Anyone know anything about this?
2006-08-25 09:21:47 · 5 answers · asked by Sunshine 2 in Business & Finance ➔ Renting & Real Estate
In most States, one year before you can file for a tax deed. The owner has that one year to pay the back taxes plus interest to the courthouse treasurer. They would notify you if that happens. Otherwise, you need an attorney to prepare the deed, and do the required notifications of prior lienholders.
2006-08-25 09:27:19 · answer #1 · answered by Michael S 3 · 0⤊ 0⤋
You take possession closing. So, you dont purchase actually purchase it if the homeowner is still working to pay back. Make sense? You're asking a question that precludes an answer. If you own a house (AKA You've purchased it) you have possession of it. And as far as how long they have, it depends on how far behind they are.
2006-08-25 10:18:02 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It's different in every state. The County Treasurer where you are looking at the property should have that information included in the Tax Sale notices/documents.
2006-08-25 09:29:33 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I have information on all the states about tax sales
did you buy a tax lien or tax deed and what estate you did buy it.
I am an investor learning to buy foreclosure reo's hud's and tax sales properties send me email at luis@dreamrus.com I can help you.
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2006-08-25 09:37:55 · answer #4 · answered by Anonymous · 0⤊ 0⤋
It's best to talk to an attorney. Because laws are so muddled from state to state.
2006-08-25 09:25:30 · answer #5 · answered by Jack G 3 · 0⤊ 0⤋