2006-12-18 11:09:14 · 4 answers · asked by stonekingivan 2 in Business & Finance ➔ Taxes ➔ United States
It probably depends on where you live. In Florida, you go to the tax appraisers office and find the properties that are in default. You then put in a sealed bid to pay the taxes for the owner and you bid on the interest rate that you will charge them. The lowest one wins. They usually have one year to pay you the taxes with the interest. If they default, the property becomes yours.
The tax assessor's office can tell you how it is done in your state.
2006-12-18 23:11:35 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you are buying from the owner, your should be able to pay any back taxes at closing. Your Realtor and/or the closing agent should know how this is done. If you are buying in a tax sale, the agency conduction the sale can tell you about any right of the previous owner to redeem the property.
2006-12-18 13:15:49 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
go to the town clerks office, dept of taxes. but, you will not own it outright for 1 year, depending on your state maybe. but generally, like in my state, after you pay the taxes, that property owner has 1 year from that date to pay those taxes back and then they retain ownership, but if they don't, then you will own it. Now if its a tax sale, then that is completely different. once the sale is over, then it is yours.
2006-12-18 11:30:51 · answer #3 · answered by jks336 2 · 0⤊ 0⤋
you should be able to go to the local city building and get that information, some states have changed it though and you have to go to the county court building either way you can file papers on it.
2006-12-18 11:17:51 · answer #4 · answered by c_schreel 3 · 0⤊ 0⤋