misstiaemail
|
foreclosure and tax lien sales are 2 totally different animals...
check out your local counties sheriff's website where sheriff's sales are listed....most county sheriff's have websites...if not, you will have to visit in person....
the sheriff's sales will be listed as 'tax lien' and as 'foreclosure'...if you purchase via a tax lien you do not own the property, only a lien....
if you wanted to buy a cheap home easier, foreclosure sales are the way to go....there are homes around me that are very nice with nice yards going for $20,000 in foreclosure....
good luck! |
|
Gary
 |
You have to pay off the tax lien holder with interest in order for the lien to be released. |
|
Protege
|
Typically yes, but if it has a lien, you must pay off the lien holder |
|
Rooster 1972
|
You cannot purchase property that has a tax lien against it, unless you are willing to pay the tax lien yourself. If it is in foreclosure most of the time the owner can pay the tax lien, if he does not and you pay the taxes on the property you become the owner of the property. |
|
bobi
 |
Is it possible that you're trying to determine how to buy a property that is going to be sold for unpaid taxes? Go to your local assessor's office and find out if it is possible in your location and what the guidelines are. Each state is different in their policies and some from county to county. You may also want to look in the public notice section of your newspaper for sheriff's sale notices. |
|
godvsl7
 |
i think you can pay the tax lien off on the property or see it the house will be put up in an auction and just just for it that way. |
|
wilderr67
|
You can't take possesion until the tax lien is paid |
|
wartz
|
What kind of tax liens are you looking at?
You may be able to get property cheaper if it is in foreclosure because the owners are being pressed to sell. Having tax liens may or may not be an issue.
If there are unpaid property taxes on the property they must be paid first before anything else. Period! If there are IRS or state tax liens or judgments they will always be behind a mortgage unless someone screwed up really bad.
If you want to buy property that has an IRS or state tax lien and there is not enough equity to pay it in full, the property can be discharged from the lien (meaning the lien is released against that property but not in full) if the tax agency receives the equity. There are a bunch of hoops you have to jump through to get this approved. You can contact me through my profile if you are trying to do this. |
|
spraynwalls
|
Number 1- go to the county assessor's office and look at their files.
Number 2- ask to be placed on the auction list.
Number 3- read and understand the terms for bidding.
works for business/commercial, residential, rental, mines and mining property, land, estate property.
Most require 5%-10% cash down, or a payment of 2 years' property tax plus fees. |
|
D M
 |
those can be tricky, get professional advice, dont listen to any of us that only know a little :) |
|
sum142121
|
yea |
|
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
