Has anyone heard of buying houses for back taxes owed?? Is it legit?? Or are they homes that have been abandoned for years and need a lot of work!
2006-12-22 05:55:07 · 3 answers · asked by mamaexfour 4 in Business & Finance ➔ Renting & Real Estate
I have often heard of it. It's a very good way to profit, and, no, the houses usually are not abandoned. (If there are any outstanding leans, you will be paid first as you are involved in the government tax end.)
2006-12-22 05:59:00 · answer #1 · answered by ilovela 5 · 0⤊ 0⤋
In most cases there is a lot more owed than just taxes. Check the deed for Liens real closely.
2006-12-22 13:57:08 · answer #2 · answered by Anonymous · 0⤊ 0⤋
it is true ... you bid at an auction at the court house for delinquent property taxes. it is big business.
2006-12-22 14:25:08 · answer #3 · answered by michael f 2 · 1⤊ 0⤋