How can I Own a home after I purchase a Tax Lien on a property in CA?

Feb 20, 2010 in Questions And Answers

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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Can the courthouse sell off property tax lien without proper notification to me in KY?

Jan 19, 2010 in Questions And Answers

This is about house property tax for 2006.

I bought a house in Feb/06. The courthouse automatically mails the tax bill to the person that owns in it Jan. every year- which this person is dead in this case. I didn’t know anything about it until I received a letter from TLS unlimited that they had bought the lien in May/07 at a the courthouse sale. The original tax bill was 0 now they want 50. They bought it in May/07.

My problem is the courthouse never notified me that I owed this tax because they sent it to the person that owned it in Jan and I didn’t buy it until Feb. They did send me a bill for 2007 and 2008 tax years and I paid them - so they had my address down. They just failed to take the time to look up the correct owner - which you would think they would have done when they sent out the delinquent notice?

Can I dispute the sale of this tax lien because I was never notified properly? And if I have to pay, is that an unreasonable amount for TLS Unlimited to charge?
The problem is that the courthouse sent the tax bill to the wrong person so it never showed up in my name-therefore it wasn’t on the 2007 and 2008 bills as being delinquent for 2006. They said they did put it in the paper- under the original owner’s name- that is the problem- I was never notified. The owner was actually a company that forclosed on the dead womans property.

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Where can I purchase Cook County Illinois tax certificates or tax liens available for resale?

Dec 29, 2009 in Questions And Answers

I am interested in purchasing property tax certificates in Cook County Illinois. I did not attend the tax sale auction, since I heard that there is too much competition that drives the interest rate to 0%, so I would like to buy a certificate in the secondary market or over the counter. I know that tax certificates are a good investment and tax buyers are very secretive and uncooperative to competition. Is there anybody that resells tax certificate in Chicago or Cook County? I am looking for certificates that will probably not be redeemed, so I can file a tax deed petition on them. Thanks much for your answers.

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Question about a state income tax lien on real property?

Nov 08, 2009 in Questions And Answers

If there is a lien placed on a person’s real property for unresolved state income tax, what does that mean? (The state is Michigan.)

I know it means that if the property is sold, the state must get paid what’s due to them out of the proceeds of the sale.

Can the state force sale of a home for lien on income tax? Or can they only force sale of a property for unpaid property tax?

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