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Updated almost 6 years ago,

User Stats

49
Posts
20
Votes
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!

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