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Updated over 10 years ago, 05/27/2014

User Stats

12
Posts
1
Votes
Colton Mckell
  • Contractor
  • Orem, UT
1
Votes |
12
Posts

Buying tax sale property

Colton Mckell
  • Contractor
  • Orem, UT
Posted

2 years ago I did a hard money loan with max monthly interest. I recently have been paid part of the principal, but was still in a situation on the interest owed to me. Recently the property that had I had up for collateral on the loan was going up for tax sale and I made and agreement that I would pay the back taxes on the property and one other property if he would let me close on the house by putting my interest and tax payment towards the payment of the home. He has agreed to all of this I am going to seek legal advice on this but just thought if there were any tips on how close on this property and get in my name without max tax penalties. First post thanks for any help