Price of delinquent properties in Mississippi

[Sylvia Castellanos]

I am wondering if anyone has ever bought properties off Mississippi's delinquent property list.   Unlike other state, it does not provide an amount that is the minimum offer. Instead you have to express in writing you interest in buying a property, and they write back how much they want for it. Sounds like a lot of work. They say they work off the property's assessed  value.  I am wondering what this means in practice. If a property is assessed at, say, $1,500, how much are they likely to want? How much if it's $8,000?  Let me know if you have had experience with this process.

[Susan Maneck]

I've never gone that route because I find it just too risky. A lot of properties in Mississippi have foundation problems and if you buying property that way, there is no way of knowing. It sounds like they want to get as close to the assessed value as possible, and I remember that during the Recession assessed values were higher than you could actually sell a property for. Also, you get a quit claim, not an actual title.