If a homeowner doesn't keep up with his property taxes, the government can seize his house . I heard you can buy a house for a fraction of the cost if you pay the back taxes . How can I find out which houses are available and how to buy them ? I've met my county commisioner a few times, that's any help .
2007-07-30 08:59:48 · 1 answers · asked by I_hate_being_single 3 in Business & Finance ➔ Renting & Real Estate
Your county land office will have this information, and may release it to you. If they do not, you will have to watch your local newspaper for notices about pending tax sales.
That being said, watch what you buy. When you buy a property for back taxes, you also buy any other liens, such as mortgages, attached to these properties. As well, if you find what you think is a REAL steal with no apparent liens, research the property VERY carefully. Would you REALLY want to buy such a property, only to discover later that it needs upwards of $200,000 for pollution abatement to make any use from the property ?
2007-08-01 15:02:02 · answer #1 · answered by acermill 7 · 0⤊ 0⤋