Hi,
I received a letter from our County - Treasurer and Tax Collector saying that a lien has been recorded against me and i need to pay the unpaid taxes before August 31, 2009. This is regarding the two houses I had which went to foreclosure already last 12/13/2007 and 7/3/2008 respectively. I am getting this bill for tax year 2005 and 2006 respectively. I bought the house last 06/17/2005 and 05/19/2006 respectively. Am i liable this unpaid taxes? During foreclosure, isn’t the lender should clean and pay all the taxes to get the title cleaned up and ready to transfer to the rightful owner?

Below is the letter that I received:

The records of San Joaquin County Tax Collector show that a lien has been recorded against you pursuant to sections 2191.2 and 2191.4 of the California Revenue and Taxation Code.
From and after time of filing a Certificate of Lien for record, the total amount of unpaid tax, penalty and interest that is required to be paid constitutes a lien upon all real and personal property and/or business interest owned or that may subsequently be acquired by you.

To avoid further legal action by this department, we suggest that you pay, or contact this office to arrange for payment of your account, on or before August 31, 2009. Supplemental collection steps could include seizure and sale of your property and/or summary judgment.
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Please help how should i answer this as I really have no money to pay those unpaid taxes.
Thanks.
How come my original lender were able to sell it to a new buyer in Auction/foreclosure without cleaning or paying all the taxes due. My sister had a house foreclosed also in 2003 but she did not receive this kind of lien. Could it be a mistake from the county also?

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what is a tax lien certificate sale?what is a short sale? and what is a foreclosure?whats the difference in these 3?you see them all over e-bay i am thinking of buying not sure which to buy!!

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I’m an experienced foreclosure investor, and generally know the risks of buying foreclosed properties at auction. However, there is a property I’d like to purchase that has a substantial tax lien attached to it, and I’m not sure how much I should take that into consideration. Exactly how often does the IRS exercise its redemption rights in foreclosed properties? Are there any particular factors that make the IRS more inclined to redeem a particular property?

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I have been interested in foreclosures for the longest time but never decided to research further or take advantage of the market. Because it is a good time to buy I was hoping someone out there can offer some advice (in addition to the recent research I’ve been doing).

Because I don’t know much about the process I will throw around a couple terms I’ve heard lately: REO, gov’t tax lien certificate sales, title & bankruptcy search, property inspection, and HUD foreclosed.

I wanted to try a tax lien certificate but after doing research I’m seeing that this may not be the best way for me since I am so inexperienced. What is the best way for me to purchase a foreclosure and how do I get started? How long does the process generally take? Is there a way that I can see the property before bidding at an auction? If a property is a REO then I should be able to see the property before purchasing, right? Last question, When can I get the property inspected and a possible appraisal (before or after the property is bought)?

Whomever reads and answers this question, thank you in advance! I know this is a long question but I am serious about buying a foreclosure and doing the research necessary to attain this goal. Thank you.

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I’ve read and heard the following:

*If the owners of the property continues to not pay the property tax, All mortgages are wiped out? is this TRUE or FALSE?
* How can I own the property "Free and Clean" if the owner does not pay the property tax, and the home goes into foreclosure, he does not file bankruptcy?
*What about the other Liens on the property? Mortgage Liens?
* is this a good investment buying Tax Liens ( to potential become ownership)? free & Clear?

ONLY Real Answers please, NO negative remarks ..
5 points to best answer.

Real experience/professional preferred.

Thank You.
spelling error;
FREE AND CLEAR OF OWNERSHIP

Thank YOU!

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I live in NY and I was told this by someone in the city’s finance department. She told me that i have to wait until the property is sold at foreclosure at the courthouse. Is this true?

I went to the courthouse to check the record for foreclosures but there are so many departments. I do not know if should go to the Block index or Docket.

Can anyone help me out? I will give 10 points for the best answer…

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Lets say the owner cannot pay the mortgage and house goes on foreclosure and there is a tax lien on the property. The property is worth less than what is owed, no equity. What happens to the tax lien?
You mean the person that purchases the home is the one paying for the pending lien?

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My husband had financed/purchased a property with his own name. However, he listed me on the deed. The home is now in foreclosure preceedings and I am worried that if I don’t pay the property taxes for that property that I am liable for the taxes and it will impact my credit score and ability to rent. Also, if a property tax lien is placed on my credit - how does that work. Do they place it for every missed tax payment?

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DETAILS: Basically, I’ve really taken to real estate investing and have read about 8 books now (7 more to go! ouch), so have some good "book knowledge" but zero experience. My question is this: When you’re reading, eg, a foreclosures.com-type of website data on a PRE-foreclosure, which numbers should the investor (aka "credit saver") be evaluating in order to make an intelligent OFFER to the buyer? I know the basics like I’ll have to pay the back payments, back taxes, etc (PLUS any stated or hidden liens etc), but do I use these to present a deal:

Improvement value / Land value / Taxable value (Ar these 3 important in my offer or instead use:
Last sale price…(I know this one)
zestimate (I know this one)
Transfer value (what is this?)
Default value…(I know this one)

In other words, I want to make an intelligent offer on the preforeclosure. Please, someone with experience, what’s the math? And are there any missing numbers?? (eg loan balance, equity). Sincere thanks.
small typo sorry: <<above "Improvement value", please add the word "how" so reads "but HOW do I use these to present a deal?:">>

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I am graduating college with no debt and will probably be working at a large defense company making a good starting salary. My question is about investing my hard earned money. Which way should I go, get into the market try to research a mutual fund that has low fees and is emphasizing on buying undervalued stocks in the long term or try to get into a foreclosure that isn’t trashed in a decent neighborhood and try to fix it up a little. I would like to do both. I am eligible for a VA loan that requires little down and locks in lower fixed rates, but I think there is some stipulation with insurance, but I am not looking for this to be a long term house. I will likely sell it once the market rebounds. I am also going to try to start a company on the weekends that researches viable tax liens. Any advise would be appreciated.

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