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Updated almost 11 years ago,
Cutting Deals on Property Taxes?
I am looking at buying a property that is being rented by great tenants, doesn't need any work, but the owner of the property has neglected to pay the property taxes. The problem is that the taxes owed on the property are worth more than the house. Has anyone heard of people cutting a deal with the county to purchase a property underwater in property taxes.
I might be able to purchase the tax lien on the property, however I know the great tenants would move well before the foreclosure took place which would defeat the purpose of buying the property. Does anyone have advice or heard of strategies for properties underwater in property taxes?