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Updated almost 9 years ago,
Letting a property go from unpaid taxes and credit consequences
I made a bad investment on a cheap warehouse in Detroit for my landscaping business. I paid for in cash for 20k 4 years ago. It's in a very bad area and it got broken into a couple of times. Not feeling safe I moved out and let it go without paying taxes, electricity or the water bill. Now I want to get into real estate investing and I'm worried about the marks on my credit score. I've never got a loan or checked Fico score before but I've looked it up on credit karma and it wasn't on there. If the city takes it and sells it for the money I owe will it still go on my credit report?