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Updated over 8 years ago on . Most recent reply

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Rickey Wallace
  • Lancaster, PA
14
Votes |
80
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Behind in taxes

Rickey Wallace
  • Lancaster, PA
Posted
While driving for dollars, I stumbled across a property that I wanted to purchase before but didn't have the ability to, at the time. Upon looking it up, I found that they are currently behind on their taxes, by a year. I listened to some podcasts about tax liens and/or buying properties at their "backed up taxes discount" but now that I'm faced w/ one, in not sure exactly how to use that to help try to acquire the property. How could i use that to negotiate? If it was to be on a tax list, ¿where could i find that out? If I were to get it through paying off the back taxes, how does that work in regards to me getting my money back? I'm sure I'm missing some proper questions here to ask but any info on this topic would help. Thanks!

Most Popular Reply

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Rick H.#4 Marketing Your Property Contributor
  • Lender
  • Greater LA/Orange County area, CA
3,548
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Rick H.#4 Marketing Your Property Contributor
  • Lender
  • Greater LA/Orange County area, CA
Replied

Pay attention to @David Krulac as he has encountered and experienced a tremendous number of different scenarios involving tax matters in his state. 

I think the key takeaway is to consider delinquent/defaulted property taxes as clues to a prospective seller's financial pressures. It's a clue and reason to be on your list of targets.

However, as David mentions, most are paid (late) without necessitating a sale.

Now, if you combine your tax list with other triggers such as foreclosure and probate, etc. you can build some pretty incredible motivated Sellers.

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