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I want to buy homes that are being foreclosed due to back taxes being owed .

2007-12-20 14:52:39 · 2 answers · asked by supergirl32 1 in Business & Finance Renting & Real Estate

2 answers

you watch too much late night tv, does not work that way in the real world

2007-12-21 00:55:13 · answer #1 · answered by Anonymous · 0 1

You are advised to approach this situation with extreme caution. Most states offering such purchases also offer the current owner a specified time period in which to redeem the property by paying the past taxes, interest, and other charges in full.

As an example, Louisiana extends that period to three YEARS after the sale for past due tax.

Do your homework, and check out the laws before you jump in.

2007-12-20 23:05:50 · answer #2 · answered by acermill 7 · 3 0

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