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Updated over 9 years ago,
Distressed Owner/Bankruptcy?/Major Taxes Owed
Hello All!
I hope all is well. Let me get straight to the point.
I had an owner contact me via my direct mail. He owns a house which he hasn't paid taxes on since 1995, the house has not been to auction, and I was told by the Dallas County Tax Office that there is a lawsuit against him from a lawfirm that handles most Tax Delinquent Cases.
Additional Info:
Taxes owed: 89k! No this is not a typo. The owner claims he received a letter from the tax office saying " If he paid his taxes now they would reduce the taxes owed by 50%" I have never heard of such a thing and I have not seen the letter he speaks of.
Labor Lien: 3.5k
Is this even worth pursuing further?