I was curious.I recently inherited a property that has more unpaid taxes, penalties and interest than the land is worth. I know during these rough economic times that the property will get auctioned off, and I figure there will be a judgment soon after for the difference of the final sale price and all the fees and expenses. I understand that part.
I keep hearing conflicting details. Most focus on the credit bureaus which I understand is seven years, but then I also hear 10 years.
I am really curious how long they can keep a judgment on me, say if I want to buy or sell any property 10 or 15 years from now, does the judgment lien stay on forever until paid, or does that disappear after time?
I did a little more research, and the tops taxes can stay is 20 years. After that time, the tax authority has to give it up.
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My friend He has severe back problems and stays home all day but have lots experience in real estate he used to to buy rental properties and owned for a while and then sold them for some profit, But now it is not possible to do the same . Iis there any place in Real Estate he could make money without any lifting or repairing properties. I sugested Tax Lien certificates but I dont have any clue about that myself if it is the best. What do you suggest where can he excel as investor. I shall highly appreciate
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My house has recently been placed on the market. I have never been late on a payment for my mortgage and I could refinance but, I am also going through a divorce. I would rather sell the house and try to get out from underneath it. I just received a notice from the Town that a Tax Lien is going to be placed on my property on May 1st. How is this going to affect me and the sale of my home?
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I don’t undestand when this, can some one explain me? DO LIENS SURVIVE THE ISSUANCE OF A TAX DEED?
FloridaStatute 197.552 provides, in part, “..except as
specifically provided in this chapter, no right,
interest, restriction, or other convenant shall survive
the issuance of a tax deed, except that a lien of
record held by a municipal or county government
unit, when such lien is not satisfied as of the
disbursement of proceeds of sale under the
provisions of s.197.582, shall survive the issuance
of a tax deed…”
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My uncle sold his property to a man a couple years ago (owner finance). About a 1 1/2 yrs ago the man was arrested for growing pot on the property and the property was seized. Uncle had to wait a few months and the property was released back to uncle. Last month Uncle received a Tax Lien against the Property in the mans name. What should Uncle do? Is he responsible to pay tax to clear Property? Or is man responsible for Tax and Uncle can get Property cleared?
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I was answering a question about tax liens, certificates/deeds, and considering that I’ve never taken out a mortgage, it’s a little blank spot in my knowledge.
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My uncle sold his property to a man a couple years ago (owner finance). About a 1 1/2 yrs ago the man was arrested for growing pot on the property and the property was seized. Uncle had to wait a few months and the property was released back to uncle. Last month Uncle received a Tax Lien against the Property in the mans name. What should Uncle do? Is he responsible to pay tax to clear Property? Or is man responsible for Tax and Uncle can get Property cleared?
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We live in CA. I notice some foreclosures have a tax lien, but most don’t. I have heard that if the property has a tax lien, then the person’s credit is affected for 15 years. I have tried contacting the Tax people in the County, but they are useless. We are just curious if we don’t pay our property taxes b/c we are facing foreclosure (because of a job loss and an illness, so please don’t judge us) when will the taxes become liens against the credit, if ever?
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