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Updated almost 6 years ago on . Most recent reply

User Stats

49
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20
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Joshua Smith
  • Investor
  • Denver, CO
20
Votes |
49
Posts

DC Tax Lien

Joshua Smith
  • Investor
  • Denver, CO
Posted

Hi all - I have been looking for distressed properties in DC and came across a property with nearly $200K in delinquent property taxes. It is the perfect opportunity to get a property for a massive discount.

However, looking at the records, it looks like a bank had a tax lien and then assigned it to a private LLC a little less than one year ago. I'm not too familiar with tax liens; however, how could I gain control of the property? Could I offer the owner cash to erase all taxes with the understanding that I would take control of the property? If so, would the lien disappear?

Any help with this would be much appreciated!

Most Popular Reply

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17,447
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30,123
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,123
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17,447
Posts
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

@Ned Carey is the tax lien expert in the area. As far as I know, he does not do DC, but he likely has some insight into the process. I think he does Baltimore City/County and PG, and maybe some others.

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