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Updated over 10 years ago,
Paid Property Back Taxes for Purchase. It Was Reclaimed!
I ran across a vacant distressed house today in between my appointments to meet with expired mls. The neighbor says that it has gone to auction and ended up not selling because of back taxes owed.
Several years back I bought a package on how to locate these properties, purchase and keep them. Unfortunately I never got around to researching before I lost the books and dvds.
Someone also once told me that "they paid property back taxes to purchase a property and it ended up being reclaimed." Truth to their story? It's a coin toss.
I'm sure that I would have to speak with a real estate attorney regardless.
However, I would like to know if anyone has acquired property using this method and what your experiences were/ are in these types of deals...
I'd love to know how to grab these before they rot away and fall down.
Thank you so much for your feedback BP as always!