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2007-03-02 06:50:58 · 1 answers · asked by bingo 1 in Business & Finance Renting & Real Estate

i heard you could get cheep or free houses from govt. for unpaid taxes on such, wanting to know how

2007-03-02 06:53:17 · update #1

1 answers

Free govt housing is called a ghetto. LOL Actually, all real estate companies get a notification about sale of houses that were financed with govt. loans like VA. You can also contact your county and find out what property is being sold for back taxes but also know that most are redeemed at the last minute by the owners if it is worth the tax amount. You have to be pretty smart to do that as the properties are identified by their legal description and you need to be able to figure that out. I know someone who bought a great piece of property at a tax sale thinking to build a house on it. It had belonged to a rail road and the reason they let it go for taxes instead of selling it is that there was no legal access to it. Other people's property joined it on all four sides. As far as I know, he let it go back for taxes again. I was a realtor for many years and I never bought property that way as it is way too risky. Govt repos are ok but you are still buying as is and usually all the pipes have frozen in the time it takes for a house to be a repo. Good Luck and God Bless

2007-03-02 07:03:07 · answer #1 · answered by moonrose777 4 · 0 0

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