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Updated over 8 years ago,
Buying delinquent tax properties after they have been sold!
Hey BP members,
I have a question.Have any of you had any success buying delinquent tax properties after they have been sold at the county auction?In my county after properties have been sold the original owner has 1 years to reclaim the property by paying the taxes plus interest to the person who brought it during the tax sale.I was considering approaching the original owners after their property has sold and offer to buy the property.According to the Assessor's office the original owner can still sell the property and the new owner would be able to pay the taxes and interest. I was considering this strategy because I could help the owner get something out of the property and I would have less competition from other buyers without having to bid against them at the auction.Your thoughts would be greatly appreciated.