What is the process for buying property that a tax lien company currently has a tax certificate on?
Apr 25, 2009 in
Questions And Answers
We are hoping to buy some property, but apparently the owner hasn't paid property taxes on it in over 4 years. A company called Heartwood 88 has a tax certificate on the place…would we be purchasing the tax certificate from them or do we still need to go through the current owner?? any help would be greatly appreciated!!! Thanks!!!
The problem is….I can't find the owner!!
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One comment
Loyal B on April 25, 2009 at 9:39 pm
It depends on how cheaply you want to buy the place and how surely. If you buy the tax certificate, there is no guarntee you will ever own the property, because the owner could pay the tax lien holder off. If you want to make sure you buy the property, then make the owner an offer. Most states real estate contracts call for the seller to pay the taxes when he owned the property, so he would be responsible for paying off the Heartwood 88 tax liens.
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