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A website that you can buy homes that were taken due to non payed takes.

2007-08-05 14:28:40 · 1 answers · asked by Ryan M 2 in Business & Finance Renting & Real Estate

1 answers

Homes are not 'taken' due to unpaid taxes. They may be sold at a sheriff's sale or similar to obtain the funds needed to pay up those back taxes. However, when you are buying in such a fashion, you are not generally buying 'clear title'. There may well be (and probably are) other lienholders, such as mortgage firms. who also have an interest in the property.

If you're thinking that you can simply pay the back taxes and own the property for that amount, be advised that it just does not happen.

2007-08-05 14:35:05 · answer #1 · answered by acermill 7 · 0 0

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